✨ Education Investment Plans
NEW ZEALAND GAZETTE, No. 20 — 5 MARCH 2015
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relevant, so that they give meaningful information about the TEO’s progress toward its proposed outcomes; and
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set at a level that represents a meaningful improvement on past performance, especially with respect to outcomes for priority learner groups; and
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complete, so that they cover all significant programmes and activities the TEO intends to undertake, and all important dimensions of those activities; and
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clearly presented.
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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; and
- complied with conditions imposed on funding approval; and
- complied with its obligations to report to TEC.
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For tertiary education institutions only, the institution meets the expectations expressed in this notice regarding the inclusion of a forecast SSP in its plan.
- 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 Statement of Service Performance (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.
- Timelines and Processes—The following table sets out the timeline for the plan process.
| Activity | Indicative timing |
|---|---|
| TEC releases Plan Guidance for Industry Training Organisations | March 2015 |
| Government announces Budget 2015 | May 2015 |
| TEC releases Supplementary Plan Guidance (if required) to reflect any policy or Budget changes | June 2015 |
| Plan engagement: TEC discusses performance information, indicative allocations and proposed plans with TEOs | May to September; deadline for plans to be submitted by 31 July (for PTEs, Community Education Providers and Schools) or 31 August (all other TEOs) |
| TEOs submit their proposed plans to the TEC | |
| TEC assesses proposed plans | 41 |
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NZ Gazette 2015, No 20
✨ LLM interpretation of page content
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Education (Proposed Investment Plans: Requirements, Content, Submission and Assessment; and Plan Summaries) Notice 2015
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🎓 Education, Culture & ScienceEducation Act 1989, Tertiary Education Commission, Investment Plans, Strategic Intent, Government priorities, Performance Commitments, Financial Statements, Decision-Making Criteria, Stakeholders, Tertiary Education Strategy 2014-2019