1246 NEW ZEALAND GAZETTE, No. 42 24 APRIL 2014

• be prepared in accordance with Generally Accepted Accounting Practice, including reporting costs summarised by key output classes/areas; and
• reflect the full scope of the institution’s activities; and
• focus on the outputs/services of the institution; and
• include measures and evidence about the quality of these outputs/services.

(ii) Summary of Activity
The Plan must include a Summary of Activity for the period of the proposed Plan. The proposed activity must align with and support the achievement of the mission presented in the Strategic Intent section of the proposed Plan.

The Summary of Activity must include information about:

• planned programmes and activities for which the TEO is seeking Student Achievement Component (SAC) or Industry Training Fund funding, including planned learner numbers by New Zealand Qualification Framework Level (this information must be provided via a “Mix of Provision” template which the TEC will provide to TEOs in due course);
• other planned programmes and activities for which funding is sought from the TEC, including planned learner numbers (this information must be provided via a “Mix of Provision” template, except for ACE in Communities and ACE in Schools funding, where this information must be provided via the first sections of the “Direct Delivery” and “Other Activities” spreadsheets);
• total TEC funding sought (this information must be provided via a “Mix of Provision” template);
• planned learner numbers in more detail, if requested by the TEC, for non-SAC-funded programmes and activities (this information must be provided via a “Mix of Provision” template);
• a brief description of other programmes and activities not funded by the TEC, including significant programmes and activities undertaken through subsidiary bodies.⁵ (This information may be provided either via the Mix of Provision template or as part of the TEO’s Strategic Intent, as the TEO prefers.) For tertiary education institutions only, the description of the programmes and activities undertaken through subsidiaries must include:
  – a description of the main activities undertaken by the subsidiary body; and
  – the dollar value of the TEO’s investment in the subsidiary body; and
  – a brief description of the governance and accountability arrangements in place; and
• (for tertiary education institutions only) information about delivery the TEO intends to subcontract to other TEOs during the period of the proposed Plan (this information must be provided via a “Subcontracting register” template which the TEC will provide to TEOs in due course).

(iii) Performance Commitments
The Performance Commitments section of the TEO’s proposed Plan must set out proposed performance commitments that measure whether the TEO is producing the activities and outputs identified in its performance story.

The TEC will provide all TEOs with information about specific metrics they must use when making certain performance commitments, and in some cases will specify minimum commitments for TEOs. TEOs should propose additional commitments as required.

(iv) Other Supplementary Information
The TEC may ask a TEO to provide additional information about its financial outlook to accompany its proposed Plan.

This might include forecast financial statements, capital asset management information (for tertiary education institutions), and any other information and explanations needed to fairly reflect the forecast financial operations and financial position of the TEO, eg information about subsidiaries for which the TEO has residual liability.

The TEC may use this additional information when assessing the potential of the TEO to meet its proposed performance commitments.

6. Decision-making criteria—The decision-making criteria below enable the TEC to assess the alignment of an eligible TEO’s proposed direction and activities to Government priorities and regional and national need, as well as its capability to deliver on its Plan. The TEC will use the criteria to assess proposed Plans and determine if they will receive funding approval.

When assessing proposed Plans against the criteria, the TEC will take a holistic approach and may use a range of evidence, including, without limitation, the information contained in a proposed Plan, TEC monitoring information (including funding, performance, organisational, and financial data), institutional Annual Reports and Strategic Plans, Quality Assurance Bodies’ information and reports, Plan engagement (where applicable), and both national and regional demographic and economic data.

The TEC may decide to give funding approval subject to conditions, having regard to the relevant funding determinations issued by the Minister for Tertiary Education, Skills and Employment under the Education Act 1989, and whether a condition is necessary to ensure that the outcomes in a Plan that relate to tertiary education programmes and activities are being or will be achieved.

The criteria

The TEC will assess proposed Plans of all TEOs according to whether and to what extent they meet the following criteria:

• The TEO’s proposed mission and role, and the outcomes the TEO intends to contribute to, show an awareness of and are appropriate to the TEO’s place in the regional and national tertiary system and the Government’s priorities.
• The TEO’s proposed mission and role as outlined in its proposed Plan is consistent with the mission and role the TEO has articulated in its other strategic planning documents.
• The TEO has clearly and accurately identified its key stakeholders, including:
  – employers, businesses or industries relevant to the TEO’s areas of delivery; and
  – learners or prospective learners, in particular those who are Māori, or Pasifika, or under the age of 25, or who have low levels of literacy, language, and numeracy; and