rto funding. forms of funding fee for servicefederal funding vet investment plan tec-nq
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RTO Funding
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Forms of Funding
Fee For Service
Federal 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