Australia attracts a remarkable number of international students. Students at all levels from all over the world are flocking not only to universities, but also to institutes and private colleges. And it is little wonder why – Australia is internationally renowned for providing the highest level or education and training. New Australian campuses are even opening overseas.
In 2017, 454, 711 international students were enrolled to study in Australia. In 2018, this number jumped to 509, 610. The large majority of these students are from China, India, and the rest of Asia, and are willing to pay the required fees and costs for a quality education.
Despite negative press, the government has ensured that regulatory reforms have strengthened the industry. This, in combination with rapid advancements in online learning and new technology, has seen fresh commencements surge from 86,399 in 2014 to 149,442 in 2018. Calibre’s experience in the education sector can help start-ups ride this wave and established education providers secure growth.
If you do not know how to meet the compliance and business demands of the education sector then no amount of student demand for your services is likely to secure your financial future in the long term.
|editDo you know how to demonstrate financial stability in a way that meets changing regulatory requirements?|
|editHow well integrated are your student management and financial accounting systems?|
|editHow do you ensure you are not leaking payroll funds with respect to you academic, administrative, and marketing staff?|
|editHow confidently have you secured your relationships with international student agents in the long-term?|
|editHave you planned well your cash flow, considering significant fixed cost outlays and marketing spend? Can you use the EMDG to take your courses overseas?|
The rush of international students to Australia brings challenges to education providers, but also fresh options.
Calibre Business Advisory has helped a number of education providers not only start strong, but secure their position in the industry.
|editWe provide audit and assurance services that are expert in demonstrating the financial capacity of education providers so that you stay compliant.|
|editWe have tax advisors with a great deal of experience in helping education providers plan ahead for tax.|
|editWe have highly regarded education experts at hand to provide valuable input from an academic and operational point of view.|
|editWe are experienced in developing and implementing accounting and finance systems to make sure you stay on top of your finances.|
|editWe can help you access grants such as the EMDG so that you can tap into export markets and take your education provision overseas.|
There is little point in engaging business advisors and tax accountants who do not have experience in the Australian and international education sector. If you are involved in education, contact Calibre to discuss new options for securing and growing your business.
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