24 JULY

NEW ZEALAND GAZETTE

2217

● The PTE must attach a written declaration signed by the chief executive officer (or equivalent) affirming that the:

○ organisation’s subcontracting arrangements for its teaching activity comply with TEC’s requirements specified for the interim profile and the existing requirements given in A Guide to Tertiary Education Funding;

○ organisation has appropriate processes in place to maintain quality learning outcomes (the minimum standard for these processes is defined below);

○ organisation has appropriate financial processes in place to provide a transparent audit trail for each contractual arrangement; and

○ organisation is prepared for a comprehensive audit of any of its subcontracting arrangements within 10 working days notice from TEC.

Performance indicators and targets

● Where possible, objectives should have associated performance indicators that cover the qualitative dimensions of performance and others that cover the quantitative dimensions. Likewise, there should be some indicators that are of a financial nature and non-financial nature.

● All performance indicators should have associated performance targets that relate to the year for which the profile applies (2004) plus, where possible, the following two outyears (2005 and 2006). In order to enable those targets to be readily understood, the past year’s actual performance (2002) and the current year’s expected performance (2003) should also be stated.

● For each qualification offered, the PTE must provide performance objectives or outcomes, indicators and targets for:

○ participation by learners with a declared disability;
○ participation by females (or males) in traditionally under-represented areas;
○ participation by Māori learners;
○ participation by learners of Pacific origin;
○ learners’ satisfaction;
○ learner completions;
○ learner qualification attainment;
○ staff with appropriate qualifications to support learning needs of Māori and Pacific learners, and learners with a disability.

● The PTE must have performance objectives and targets for the delivery of targeted training programmes in 2004 e.g. Training Opportunities, Youth Training and Skill Enhancement.

● The performance indicators for the objectives might also include indicators for:

○ improving the quality of teaching and learning;
○ approach to co-operation and collaboration with other TEOs;
○ approach to meeting the needs of Pacific peoples described in the charter;
○ equal education opportunities for learners; and
○ equal employment opportunities for staff.

Financial performance indicators

● Where the PTE receives EFTS funding, it must provide projected financial statements for the next three years accompanied by an attestation from an independent chartered accountant verifying that these forecasts have been properly compiled.

● Performance indicators are specific, measurable, auditable, realistic, time-bound.

● The performance indicators will enable a sound assessment of overall performance of the PTE.

● The performance targets are readily understood.

● The performance targets give the 2002 year’s actual performance and the 2003 year’s expected performance and, where possible, forecast performance for 2004 and 2005 and 2006.

● The PTE has submitted via Agreements performance objectives and targets for the delivery of targeted training programmes in 2004 e.g. Training Opportunities, Youth Training and Skill Enhancement.

● The PTE has provided projected financial statements for the next three years, accompanied by an attestation from an independent chartered accountant verifying that these forecasts have been properly compiled.

(PTE’s that have already submitted financial forecasts during 2003 as part of regular financial viability reporting requirements do not need to re-submit this information. TEC will refer to the reports the PTE has already provided.)