Funding and payments

Funding and payments

Last updated 20 November 2017
Last updated 20 November 2017

How Centres of Asia-Pacific Excellence (CAPE) funding is set and payments are made. Also includes funding allocation information.

Funding

The funding mechanism for CAPE funding 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.

CAPEs are funded off-Plan via a funding confirmation letter.

A tertiary education organisation (TEO) that receives CAPE funding is required to:

  • comply with the requirements of the Education Act 1989, and
  • comply with the conditions specified in its funding confirmation letter.

The funding subsidises the costs of operating each centre as well as the cost of research and other activities that help it deliver on its strategic outcomes.

Funding allocation 

In 2016/17 we invited applications for CAPE funding from the university sector. Applications were assessed and, as a result, three CAPEs were established, to which we allocated funding from 2017.

Payment

CAPE funding is paid in quarterly instalments.