Funding and payments

Funding and payments

Last updated 31 August 2020
Last updated 31 August 2020

Funding assessment

Funding applications will be assessed based on the following criteria:

  • regional significance – the PTE is the only provider of its type in the region, and/or attracts international students to the region, and/or is a significant employer in the region.
  • skills development – the PTE supports the development of expertise which contributes to New Zealand in any of the following ways:
    • industry priority – by providing education in skills which have been identified by the TEC as contributing to an industry priority.
    • sector contribution – by providing a pathway which supports other organisations, providers and/or businesses in New Zealand, and supporting the wider international education sector through recruiting from a variety of international markets.
    • learner pathways – the provider has a strong track record of supporting learners (international and domestic) into employment and/or tertiary education at higher levels.

In the allocation of funding, the TEC will also assess the financial needs of providers based on the information submitted in their financial statements and the proposed plans on the use of funding requested.

Please note, if your PTE is eligible to apply for funding, approval of your request is not guaranteed. Limited funding is available, so applications will be assessed and prioritised based on their assessment against the above criteria.

Payments

We pay funding for successful applicants in instalments, as specified in the funding letter. We only pay funding after the funding letter has been signed and returned to us.

The PTE TAF Funding will be paid out in two equal instalments in October 2020 and in February 2021, unless an alternative payment schedule is agreed between the TEC and the provider. The TEC will pay the second instalment on the receipt of the first report outlined in our funding letter and conditions. For further information, refer to the Monitoring and Reporting section below.

PTEs that receive funding are required to comply with:

  • the requirements of the Education Act 1989; and
  • any conditions specified in its funding letter.

Funding recovery

Funding must only be used for the activities specified in the funding letter.

If the PTE receives funding that was greater than it should have been, or that it was not entitled to receive, we will recover the extra funding.

This may include:

  • using less funding than the amount allocated;
  • outside the scope of funding indicated in the funding letter; or
  • non-compliance with the conditions of funding.