Funding

The Minister responsible for tertiary education issues the Medical Trainee Intern Grant funding mechanism. It sets out the purpose of the fund and gives authority to the Tertiary Education Commission (TEC) to administer the funding.

Funding is agreed off-Plan via a funding confirmation letter.

A university that receives Medical Trainee Intern Grants funding is required to:

• comply with the requirements of the Education and Training Act 2020, and
• comply with the conditions specified in its funding confirmation letter.

Funding allocation and payments

We pay some funding up front and the remainder in equal monthly instalments.

The Medical Trainee Intern Grants are allocated annually based on the number of eligible sixth-year medical students (working as trainee interns) each university will have in the coming year.

Each grant is $26,756 (GST exempt) per student per 12 months internship.

Funding wash-ups

For the calculation of funding wash-ups see the methodology and technical specifications from the relevant year. The most recent information is at the top.

Suspending or revoking funding

If we are satisfied on reasonable grounds that a university has not met or is not meeting the conditions of funding, we may revoke or suspend the funding under Schedule 18, clause 26 of the Education and Training Act 2020.