This document discusses setting and assessing learning standards in higher education. It outlines the regulatory context for learning standards and discusses how standards are being set through engagement with discipline communities. It also discusses options for assessing learning standards, including perceptions surveys, common tests, and external moderation initiatives. The document analyzes several moderation projects currently taking place, including the Achievement Matters project which involves benchmarking assessment tasks across several Australian universities. It addresses challenges in implementing learning standards for higher education institutions and regulatory bodies.