Funding mechanism

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

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

A TEO that receives ELT funding is required to:

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

ELT funding is set through the Government’s annual budget process. We determine the appropriate amount of ELT funding for a TEO.

Through each TEO’s Plan, we agree the mix of provision (MoP). This includes the:

• programmes that the funding can be used for,
• allocation of funding towards each programme, and
• volume of delivery expected from each programme.

Funding allocations and payments

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

ELT 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 rates

For information on the ELT funding rates, see Funding rates by year.

Each hour of provision not attended by the learner is not to be reported and is not funded.

Funding wash-ups

For the calculation of funding wash-ups see the methodology and technical specifications for the relevant year. The most recent information is at the top.