1. Funding TVET in Australia Peter Holden Executive Director, International April 2014

2. A brief history YearType of provisionFunding model 1788Employer/apprentice - work based Self funded 1850 - 1980 State owned institutes & colleges State funded 1973Federal assistance to employers for apprentices 1974National system of training; state institutes become TAFE Federal funding to states 1977Apprentices study part time at TAFE Federal rebates to employers for college tuition 1992Move to a public /private market Federal/state funding

3. A brief history continued YearType of provisionFunding model 1998Student choice; contestable fundingFederal/state 2008Student loans available for VETFederal 2010Student entitlement modelFederal/state 2014Possible extension of higher education funding for VET Federal

4. TVET Student profile 1.9m students funded by government 86% part time 20% apprentices 75% employed at time of graduation Government funded places: TVET students: 1.9m Higher Education: 1.1m Schools:3.5m

5. TVET funding sources

6. Risks & Rewards Student loans (VET FEE-Help) projected to exceed $AUD13 billion by 2017 Federal funding continues to decline compared with other education sectors Student choice doesn’t necessarily match industry skill needs; different state funding models Government is shifting costs of training to students and employers – user pays Wider choice of providers and learning options TAFE institutes now more competitive & entrepreneurial

7. THANK YOU FOR LISTENING Peter Holden Executive Director International TAFE Directors Australia peter.holden@tda.edu.au www.tda.edu.au +61 2 9217 3181 (direct office line) +61 (0)405 081 780 (mobile/cell phone)