Funding and payments

Funding and payments

Last updated 29 April 2021
Last updated 29 April 2021

How Medical Trainee Intern Grants funding is set and payments are made. Also includes funding allocation and funding recovery information.

Funding

The Medical Trainee Intern Grant 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.

Medical Trainee Intern Grants are funded off-Plan via a funding confirmation letter. A university that receives Medical Trainee Intern Grants funding is required to:

Payment

We pay some funding up front and the remainder in equal monthly instalments.

Funding allocation

The Medical Trainee Intern Grants are allocated annually based on the number of eligible sixth-year medical students (working as trainee interns) each university will have in the coming year.

Each grant is $26,756 (GST exempt) per student per 12 months internship.

Funding wash-ups

2020 Medical Trainee Intern Grants Recovery Methodology

We will recover any under-delivery of Medical Trainee Intern Grants funding.

Recoveries are based on:

  • a Tertiary Education Organisation’s submitted Medical Intern Statement of Service Performance report which must include the:
    • number of EFTS (students) funded, and
    • amount of funding consumed for the reporting year/s.

How we will recover/pay funding for under/over-delivery in 2020

  • We will recover the difference between the value of 2020 actual delivery and 100% of the allocated Medical Trainee Intern funding.
  • We will pay the difference between the value of 2020 actual delivery and 100% of the allocated Medical Intern funding where delivery is more than 100% of estimated Medical Trainee Intern allocated funding.

Suspending or revoking funding

If we are satisfied on reasonable grounds that a university has not met or is not meeting the conditions of funding, we may revoke or suspend the funding under Schedule 18, clause 26 of the Education and Training Act 2020