Funding and Payments

Funding and Payments

Last updated 9 July 2021
Last updated 9 July 2021

The first tranche of payments will be made directly to TEOs. TEOs are expected to decide how, when and where the funding will be prioritised to support the learners most in need.

Applying for funding

The TEC allocated the HAFL funding in two tranches. The first tranche of funding was allocated from 1 June 2021 while the second tranche will be made available from 1 July 2021. A portion of the total funding available has been reserved to provide direct support to learners if COVID-19 restrictions are imposed for a period of time.

As funding is limited, the TEC has prioritised TEOs who accepted and utilised HAFL funding previously allocated in 2020.

How funding was calculated

Your 2021 eligible funding level, and school-leaver decile data were used to calculate your indicative allocation.

We started by taking the total amount of 2021 funding you have been allocated across the funds eligible to be supported by HAFL.

We then captured the percentage of school leavers that had enrolled to your organisation from a decile 1-3 secondary school in the last three years for which we have data (2017-2019 inclusive).

This percentage was used to estimate the proportion of learners throughout your learner base that may be more likely to benefit from funded support.

  • For this percentage of existing 2021 funding, you were allocated $0.011 per dollar of eligible 2021 funding.
  • For the rest of your existing 2021 funding, you were allocated $0.0025 per dollar of eligible 2021 funding.

If you had fewer than 50 learners who left secondary school between 2017 and 2019, we applied the average percentage of learners who were from decile 1-3 school leavers, which across all TEOs is 14.3%.

Final allocation

To ensure a minimum support level for all TEOs, regardless of size, your final allocation is dependent on your total level of funding. We have therefore set a minimum allocation for all TEOs based on their level of funding, as shown below.

  • If your 2021 funding allocation of eligible Funds was more than $1m it is allocated the greater of:
    • $8,000, or
    • its 1-3 Decile School Leaver Weighted allocation as per the above method.
  • If your 2021 funding allocation of eligible Funds was between $0.5m and $1m, it is allocated the greater of:
    • $6,500, or
    • your 1-3 Decile School Leaver Weighted allocation as per the above method.
  • If your 2021 funding allocation of eligible Funds was between $0.1m and $0.5m, it is allocated the greater of:
    • $4,000, or
    • your 1-3 Decile School Leaver Weighted allocation as per the above method.
  • If your 2021 funding allocation of eligible Funds was between $0 and $0.1m, it is allocated the greater of:
    • $3,000, or
    • your 1-3 Decile School Leaver Weighted allocation as per the above method.