RTO Funding

Forms of Funding Fee For ServiceFederal Funding VET Investment Plan Tec-NQ

User Choice  Demand Driven Funding arrangements  Funding towards training for eligible apprentices and trainees (Qualifications & skill sets)  Individual and employer choose provider (from PQS list)  Level of subsidy is determined by priority listing  Paid directly to the RTO  Co-contribution fee’s payable  Literally 100’s of issues when claiming

Tec-NQ Approved UC Qualifications Overall funding per qualification is $3,500  Cert III in Plumbing ($ Per unit)  Certificate III in Electrical ($ per unit)  Certificate III in Carpentry ($ per unit)  Certificate III in Automotive ( per unit)  Engineering Cert III in Diesel Fitting, Fitting & Turning, Boilermaking & Sheetmental ($ per point)

Certificate III Guarantee  Demand Driven Funding arrangements  RTO’s must be PQS under Cert III Guarantee  Funding towards training for eligible participants only  Different types of training outcomes funded  Funding determined by training subsidy list, formed by priority listings  Paid directly to the RTO  Co-contribution fee’s payable  Literally 100’s of issues when claiming

Certificate III Guarantee VETiS (School Students) Fee Free Training (Year 12 Graduates) Foundation Skills Competencies & Qualifications Lower Level Qualifications (Disadvantaged Learners)

Higher Level Qualifications  Demand Driven Funding arrangements  RTO’s must be PQS under Higher Level Skills Program  Funding towards training for eligible participants only  Funding determined by training subsidy list, formed by priority listings  Paid directly to the RTO  Co-contribution fee’s payable  Target Groups  Individuals seeking to gain employment in a targeted industry  Existing workers seeking to enhance their skills profile for career advancement  Individuals seeking a pathway to university aligned to priority occupations for industry and the economy.

Student Levies  Determined by ASQA  Currently $1.60 per nominal hour  Can include additional discretionary fees – Administration fees  Cannot withhold issuing of qualification / SOA if student does not pay levies