All RTOs are required to consult with industry stakeholders in the development of training and assessment strategies. Industry stakeholders could include organisations in the relevant field eg, accounting firms, specific clients and industry contacts, industry skills councils, unions or licensing bodies. The purpose of conducting industry consultation is to ensure that the design and delivery of the qualification will prepare students adequately for the needs of industry when they complete their course of study.

The process of conducting industry consultation will vary from RTO to RTO but should include contacting industry contacts and gathering feedback on suitability of proposed units of competency, length of course and methods of delivery and assessment. Feedback should be gathered on whether the assessment tasks reflect the way skills would be performed in the workplace and whether the proposed learning materials will provide a sufficient body of knowledge for the industry.