Funding and payments

Funding and payments

Last updated 15 March 2019
Last updated 15 March 2019

Funding for Emergency Management (ACE) provision is allocated in equivalent full-time students (EFTS).

Funding

The Emergency Management (ACE) 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 off-Plan via a funding confirmation letter.

A tertiary education organsiation (TEO) that receives Emergency Management (ACE) funding is required to:

Funding for Emergency Management (ACE) is set through the Government’s annual budget process.

We allocate funding to a tertiary education organisation (TEO) for Emergency Management (ACE) provision at a fixed rate of $6,200 per EFTS (GST exclusive). One EFTS is the learner workload that would normally be carried out by a learner enrolled full-time in a single academic or calendar year.

Payment

We pay funding for Emergency Management (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 recoveries

How we will calculate any recoveries for 2018 ACE Emergency Management funding

We will recover funding if you under-deliver in 2018

We will recover funding if you deliver less than 100% of your allocated ACE Emergency Management funding. We will recover the difference between the value of actual delivery and 100% of allocated ACE Emergency Management funding.

Recoveries are based on:

  • your delivery volume data measured by EFTS, submitted through the Single Data Return (SDR).

We will calculate your actual delivery at a rate of $6200 per EFTS (GST exclusive).