Funding and payments

Funding and payments

Last updated 8 February 2022
Last updated 8 February 2022

Funding for Search and Rescue (SAR) Adult and Community Education (ACE) provision is allocated in equivalent full-time students (EFTS).

Funding

The Search and Rescue (ACE) Fund funding mechanism is issued by the Minister responsible for tertiary education. The funding mechanism outlines the general form and essential components of the fund. It provides the mandate for us to allocate the funding and what the funding can be used for, and details how we administer the fund.

Funding is agreed through a tertiary education organisation's (TEO’s) Investment Plan (Plan).

A TEO that receives funding from the Search and Rescue (ACE) Fund is required to:

Funding rate

Funding for Search and Rescue (ACE) is set through the government’s annual budget process.

Funding is agreed via a funding agreement. 

Search and Rescue (ACE) allocations for 2021 have increased to accommodate a 1.6% increase in course funding rates.

We determine the amount of Search and Rescue (ACE) funding for a TEO.

Payment

We pay funding for Search and Rescue (ACE) provision in monthly instalments on the first banking day of each month.

Payment amounts are equal from January to June, and equal from July to December.

Funding wash-ups

The 2021 methodology and technical specifications for the calculation of funding wash-ups can be found in the Calculating the 2021 wash-up document.

Calculating the 2021 wash-up (PDF, 1.2 Mb)