NEW ZEALAND GAZETTE, No. 20 — 5 MARCH 2015

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.

6. 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.

7. 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.

8. 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
  • 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(*), so that they give clear evidence about the quality of the activity being measured; and