Statement of Financial Standing

Provider details

Provider Name: Australasian Academy of Higher Education Pty Ltd (formerly Global Academy of Technology Pty Ltd)

ABN: 44 631 178 768

Date of Statement of Financial Standing: 27 November 2023

Directors’ declaration

The Global Academy of Technology Board of Directors has considered the company’s financial position and is of the opinion that it has the ability to pay its debts as and when they become due and payable.

Signed on behalf of the Board of Directors

Names: Professor Jim Barber and Mr Peter Enlund
……………………………………………………………..

Date that the directors’ declaration was made: 27 November 2023

Auditor’s opinion 

Auditor: JH Audit Pty Ltd

Date of audit opinion: 30 November 2023

Auditor’s opinion:

I have audited the financial report of Global Academy of Technology Pty Ltd (the company), which comprises the balance sheet as at 30 June 2023, and the income statement, statement of changes in equity and cash flow statement for the year then ended, and notes to the financial statements, including a summary of significant accounting policies, and the declaration by those charged with governance.

In my opinion, the accompanying financial report of the company is prepared, in all material respects, in accordance with the Corporations Act 2001.

Tuition Assurance Arrangement details

The Tuition Protection Service (TPS) is an initiative of the Australian Government that assists students whose education provider is unable to deliver fully a course of study. GAT registered as a member of the TPS on 7 September 2023 and has current coverage.

In the unlikely event that GAT is unable to deliver a course that an international student has paid for and unable either to offer an alternative course acceptable to the student or to refund the student’s unspent prepaid tuition fees, the TPS will assist students to find an alternative course or to obtain a refund of their unspent tuition fees if no suitable alternative can be found.

Domestic up-front fee-paying students are also eligible for tuition protection assistance under the TPS if the course has not commenced, or ceases after commencement but before completion, and the student has not previously withdrawn.

For more information go to: Tuition Protection Service (TPS).