✨ Legal and Educational Notices
NEW ZEALAND GAZETTE, No. 47 — 7 MAY 2015
Notice Under Section 70C of the Securities Act 1978
Pursuant to section 70B of the Securities Act 1978, the Financial Markets Authority on 29 April 2015 granted the exemption contained in the Securities Act (NZX Limited) Exemption Notice 2015.
Copies are available on the Financial Markets Authority’s website
Copies are also available for purchase on request to the Financial Markets Authority, Level 2, 1 Grey Street, Wellington, or Level 5, Ernst & Young Building, 2 Takutai Square, Britomart, Auckland, or by post to PO Box 1179, Wellington 6140.
2015-au2611
Education (Proposed Investment Plans: Requirements, Content, Submission and Assessment; and Plan Summaries for the ACE in Communities Fund) Notice 2015
Pursuant to sections 159R, 159Y and 159YO of the Education Act 1989, the Tertiary Education Commission (TEC) gives the following notice.
Notice
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Title—This notice may be cited as the Education (Proposed Investment Plans: Requirements, Content, Submission and Assessment; and Plan Summaries for the ACE in Communities Fund) Notice 2015.
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Commencement—This notice applies from the date of its publication.
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Application—This notice applies to tertiary education organisations (TEOs) seeking funding from the ACE in Communities Fund only.
The ACE in Communities Fund is part of the Adult and Community Education (ACE) Fund, which is a fund made available in accordance with the Adult and Community Education funding mechanism determined by the Minister for Tertiary Education, Skills and Employment under section 159L of the Education Act 1989 (ACE funding mechanism).
The following TEOs are eligible to seek funding from the ACE in Communities Fund:
- Private training establishments (PTEs);
- rural education activities programmes (REAP) providers;
- community education providers (CEPs); and
- state or state integrated schools.
This notice does not apply to TEOs seeking funding from the ACE in Communities Fund as well as other on Plan funding available from TEC.
- Introduction—The ACE funding mechanism specifies that the TEC must pay funding from the ACE in Communities Fund via an Investment Plan (“Plan”), in accordance with section 159YA of the Education Act 1989 (“the Act”).
Therefore, to be eligible to access TEC funding from the ACE in Communities Fund, TEOs are required to submit a proposed plan.
Funding from the ACE in Communities Fund is available to fund the tertiary education programmes and activities described in a proposed plan submitted by a TEO for a period of one year.
Previous allocation of TEC funding does not entitle a TEO to future funding at any level from the TEC.
The amount of detail in the proposed plan will depend on the size and complexity of the TEO submitting the plan.
- Plan Content—In accordance with section 159R of the Act, a proposed plan must include the following information.
(i) Strategic Intent
Performance story
A TEO’s proposed plan must outline the value proposition that the TEO will deliver over the coming year – its performance story – including:
- the TEO’s mission and distinctive role within the overall network of provision;
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NZ Gazette 2015, No 47
✨ LLM interpretation of page content
💰 Exemption Notice Under Securities Act 1978
💰 Finance & RevenueSecurities Act 1978, Exemption Notice, Financial Markets Authority, NZX Limited
🎓 Education (Proposed Investment Plans: Requirements, Content, Submission and Assessment; and Plan Summaries for the ACE in Communities Fund) Notice 2015
🎓 Education, Culture & ScienceEducation Act 1989, Investment Plans, ACE in Communities Fund, Tertiary Education Commission
- Tertiary Education Commission (TEC)