24 APRIL 2014 NEW ZEALAND GAZETTE, No. 42 1247

• the communities that support Māori and Pasifika learners.

• The TEO has ascertained the needs of its key stakeholders, including through consultation and the use of statistical information about regional or national demographics and employment market demand.

• The TEO’s proposed programmes and activities respond to the needs of its stakeholders and the priorities of the Tertiary Education Strategy 2014–2019.

• The TEC considers that the TEO is likely to be able to carry out the programmes and activities (including capital asset management where applicable), and contribute to the outcomes, outlined in the proposed Plan.

• The TEC considers that the TEO’s proposed programmes and activities (including capital asset plans where applicable) are desirable and appropriate in the context of regional and national need and the proposed programmes and activities of other TEOs.

• The TEO’s proposed performance commitments are:

  • SMART(^6), so that they give clear evidence about the quality of the activity being measured; and
  • relevant, so that they give meaningful information about the TEO’s progress toward its proposed outcomes; and
  • set at a level that represents a meaningful improvement on past performance, especially with respect to outcomes for priority learner groups; and
  • complete, so that they cover all significant programmes and activities the TEO intends to undertake, and all important dimensions of those activities; and
  • clearly presented.

• If applicable, the TEO has performed well against its current and its previous Plans, and in particular has:

  • improved its performance over time; and
  • met its Plan commitments and KPIs; and
  • demonstrated satisfactory educational performance, including meeting the upper thresholds of the TEC’s Performance Linked Funding framework (for TEOs subject to Performance Linked Funding); and
  • demonstrated satisfactory financial performance, including:
    • for tertiary education institutions only, receiving a satisfactory assessment on the TEC’s Financial Monitoring Framework; and
    • for PTEs only, meeting the TEC’s Prudential Financial Standards for PTEs; and
  • been assessed as satisfactory in terms of its last external review by the relevant quality assurance body; and
  • demonstrated good management capability in forecasting, planning, and implementation, and the (where applicable) ability to provide supplementary information such as capital asset management reporting;
  • complied with conditions imposed on funding approval; and
  • complied with its obligations to report to TEC.

• For tertiary education institutions only, the institution meets the expectations expressed in this notice regarding the inclusion of a forecast SSP in its Plan.

• When assessing programmes and activities through the competitive process for Student Achievement Component funding at levels 1 and 2, the amount of funding sought for providing levels 1 and 2 programmes and activities is the best value for money, having regard to:

  • the Government’s stated objectives for foundation education; and
  • the price proposed by other TEOs; and
  • the nature of the proposed programmes and activities (including any costs to students); and
  • regional and national need.

7. Plan summaries—In accordance with the requirements of section 159YO(1) of the Education Act 1989, the TEC prescribes that a TEO that has a Plan must include in its Plan Summary all the material described in the “Plan Content” part in this notice, comprising its Strategic Intent, its Summary of Activity, and its Performance Commitments. Tertiary education institutions should also include their forecast SSP in their Plan Summary.

Nothing in this notice requires a TEO to include in its Plan Summary information that would:

• disclose a trade secret; or
• be likely to unreasonably prejudice the commercial position of the organisation; or
• prejudice or disadvantage the commercial activities of the organisation.

8. Timelines and processes—The following table sets out the timeline for the Plan process.