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Published byKerrie Beasley Modified over 9 years ago
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RTO Funding
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Forms of Funding Fee For ServiceFederal Funding VET Investment Plan Tec-NQ
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User Choice Demand Driven Funding arrangements Funding towards training for eligible apprentices and trainees (Qualifications & skill sets) Individual and employer choose provider (from PQS list) Level of subsidy is determined by priority listing Paid directly to the RTO Co-contribution fee’s payable Literally 100’s of issues when claiming
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Tec-NQ Approved UC Qualifications Overall funding per qualification is $3,500 Cert III in Plumbing ($237.30 Per unit) Certificate III in Electrical ($6.99.93 per unit) Certificate III in Carpentry ($453.10 per unit) Certificate III in Automotive (415.28 per unit) Engineering Cert III in Diesel Fitting, Fitting & Turning, Boilermaking & Sheetmental ($141.59 per point)
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Certificate III Guarantee Demand Driven Funding arrangements RTO’s must be PQS under Cert III Guarantee Funding towards training for eligible participants only Different types of training outcomes funded Funding determined by training subsidy list, formed by priority listings Paid directly to the RTO Co-contribution fee’s payable Literally 100’s of issues when claiming
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Certificate III Guarantee VETiS (School Students) Fee Free Training (Year 12 Graduates) Foundation Skills Competencies & Qualifications Lower Level Qualifications (Disadvantaged Learners)
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Higher Level Qualifications Demand Driven Funding arrangements RTO’s must be PQS under Higher Level Skills Program Funding towards training for eligible participants only Funding determined by training subsidy list, formed by priority listings Paid directly to the RTO Co-contribution fee’s payable Target Groups Individuals seeking to gain employment in a targeted industry Existing workers seeking to enhance their skills profile for career advancement Individuals seeking a pathway to university aligned to priority occupations for industry and the economy.
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Student Levies Determined by ASQA Currently $1.60 per nominal hour Can include additional discretionary fees – Administration fees Cannot withhold issuing of qualification / SOA if student does not pay levies
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