The Minister responsible for tertiary education issues the ACE funding mechanism. It sets out the purposes of the fund and gives authority to the Tertiary Education Commission (TEC) to administer the funding.

Unless a provider is exempt, funding is agreed through their Investment Plan.

A provider that receives ACE funding is required to:

• comply with the requirements of the Education and Training Act 2020, and
• comply with the funding conditions for the relevant year specified in its funding approval documentation.

Funding allocation and payments

Funding allocations, including any amendments, are available through the My Allocations and Payments app on Ngā Kete.

ACE funding is paid in equal monthly instalments.

For the calculation of indicative allocations see the methodology from the relevant year. The most recent information is at the top.

For more details regarding your specific allocation, please contact customerservice@tec.govt.nz or your Relationship Manager.

Funding rate

There is no fixed rate for ACE in Communities funding. We agree the funding allocation, course funding rate, mix of provision (MoP) and contracted volume of delivery with each ACE provider through the Investment Plan process.

We determine the amount of ACE in Communities funding for every ACE provider based on their provision.

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.