The Australian Government Department of Education has recently published their School Funding Assurance Framework.
This document provides an overview of the Department’s approach to managing risk of error, non-compliance and fraud in respect of Australian Government funding for school education under the Australian Education Act 2013 (the Act) and the Australian Education Regulation 2013 (the Regulation).
Preventing the occurrence of error, non-compliance and fraud is a key focus for the Department. This includes working with the schooling sector to support Approved Authorities to become and remain compliant, and undertaking assurance activities to identify non-compliance. The Department’s plan also involves promoting cooperative data and information sharing, and reducing administrative burden/red tape.
The assurance framework outlines the Department’s risk-based approach to monitoring compliance. It also describes how it will respond when Approved Authorities are not meeting their requirements.
A copy can be downloaded from the link below.