Glossary
Kuputaka
Funding confirmation guidance
Guidance we provide to help TEOs understand the information in the funding confirmation. The guidance is linked to the particular fund(s) specified in the funding confirmation.
Funding initiative
An initiative which does not necessarily have a separate fund associated with it.
Funding mechanism
The mechanism determined by the Minister for Tertiary Education and Skills under Section 419 of the Education and Training Act 2020 that we must use to fund organisations. A funding mechanism outlines the general form and essential components of a fund which we must use to fund TEOs.
Funding recovery
Under an Investment Plan, funding recovery may be made if delivery is less than 99% of the SAC delivery agreed in a Plan. Recoveries are provided for in a number of funds where under-delivery occurs. A recovery may also be the result of an audit or a targeted review.Funding recovery letter
A formal letter which is sent to a TEO advising them of a funding recovery.
Gateway
Provides senior secondary students (year 11 and above) with access to structured workplace learning including specific assessment methods.
Grant funding
A funding arrangement that is designed to support an organisation or an activity, rather than to buy goods or services.
Group Training Scheme Fund (GTS)
The Group Training Scheme (GTS) Fund is to ensure apprentices employed by Group Training Schemes are able to be retained by making the Schemes viable during the immediate aftermath of the lockdown due to COVID-19.
GTS
The Group Training Scheme (GTS) Fund is to ensure apprentices employed by Group Training Schemes are able to be retained by making the Schemes viable during the immediate aftermath of the lockdown due to COVID-19.
HAFL
The Hardship Fund for Learners (HAFL) provides temporary financial assistance for tertiary learners who are facing hardship from the impacts of COVID-19.