Well done David Chandler OAM for calling out dodgy RTOs providing dodgy qualifications to industry and the significant negative impacts this can have on quality and safety. There are a lot of dodgy RTO providing very substandard training that does not come anywhere near meeting the industry needs let alone the compliance requirements of issuing the qualification. The VET sector needs someone like David Chandler to call out and expunge the dodgy RTOs from the sector and return some quality and professionalism to a sector sorely in need of a radical shakeup.
NSW Off-the-Plan Apartment purchasers can now see more #Trustworthy players keen to show that a race to the top is replacing an unlevelled playing field, where the race to the bottom players are now playing less. There are still mutterings from those who have yet to elect if they will cross over from a more risky business model to ones that embrace the essentials of a capable independently rated player. Those who have committed to a new trajectory of trustworthiness are reaping the early rewards. They are now less likely to be confronted with matching the price of the less able and less ethical. Those who remain uncommitted do so for reasons - invariably they have corporate structures like those now being reported in the #Toplace insolvency, businesses that have traded without proper corporate governance and financial structures. Businesses that were never in the league of the trustworthy in competence or ethic. These player skewed the market for all. They typically paid over the top for development sites and purposely embarked on cost cutting to test what they could get away with. Lenders to those players are now learning the hard lesson that if you finance a risky player, you may have challenges getting your money back. Shining the light on risky players and making them accountable through new NSW legislation like the #RAB and #DBP Acts is making the difference. Unfortunately there is a 10-15% rump of risky players who have yet to understand what is required in NSW. Players like those recently called out in he Illawarra, the Central Coast and Newcastle. And players who have entered the market with dodgy credentials from dodgy RTOs are now a prime target. There are another group of players who are at the forefront of pushing back against the rigours of demonstrating their trustworthiness. These are developers and builders where their owners reside off-shore and only support the local operations with discretionary funding lines that can be turned off if the going gets hard. #Probuild was an example of one of these business models. Their demise has cost developers millions to finish projects and attend to the serious defects left behind. When the playing field is levelled the good players can perform at their best. Some argue at higher cost, but this is not evidenced if the baseline was the comparative cost of competing with the risky. Developers and Builders in NSW that have embraced smarter and more assured project delivery methods are doing so with less re-work and faster construction times. Some are now re-examining their traditional procurement models and testing if endlessly breaking down elemental trade packages into the lowest value inputs is the smartest choice. They are seeing opportunity to innovate and become more competitive. They have moved on from the lament that they should be entitled to a premium for being trustworthy. They can now see more profitable ways of working. And they are becoming the employers of first choice.