RTO Funding

Forms of Funding

Fee For Service

Federal Funding

VET Investment Plan

Tec-

NQ

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

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)

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

Certificate III Guarantee

VETiS(School Students)

Fee Free Training (Year 12 Graduates)

Foundation Skills Competencies &

Qualifications

Lower Level Qualifications

(Disadvantaged Learners)

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.

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