✨ Education Investment Plans
NEW ZEALAND GAZETTE, No. 47 — 4 MAY 2017
- outcomes for priority learner group; and
- complete, so that they cover all significant programmes and activities the TEO intends to undertake, and all important dimensions of those activities.
Other supplementary information
Pursuant to section 159R(1)(b), 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.
Additional requirements for tertiary education institutions
Pursuant to section 159R(2), the following additional requirements apply to tertiary education institutions only. The tertiary education institution’s proposed plan must:
- reflect the outcomes framework the tertiary education institution has agreed with the TEC, or a tertiary education institution’s own outcomes framework;
- align with the narrative in the tertiary education institution’s other strategic planning and reporting documents;
- explain how the tertiary education institution will manage its capital assets to support its mission and role over the period of the proposed Plan (including any new significant capital initiatives); and
- include a forecast Statement of Service Performance to enable the tertiary education institution to report in its annual report on its performance as compared to its proposed outcomes described in its proposed plan.
The forecast Statement of Service Performance should:
- be prepared in accordance with Generally Accepted Accounting Practice, including reporting costs summarised by key output classes/areas;
- reflect the full scope of the institution’s activities;
- focus on the outputs/services of the institution; and
- include measures and evidence about the quality of these outputs/services.
Additional requirements for industry training organisations
The following additional requirements apply to industry training organisations only.
- An industry training organisation must specify in its proposed plan the activities set out in subsection 10(2) of the Industry Training and Apprenticeships Act 1992 in relation to which funding is sought.
- An industry training organisation seeking funding for apprenticeship training activities via a plan must specify in its proposed plan how it intends to carry out each of the activities set out in subsection 13D(2) of the Industry Training and Apprenticeships Act 1992.
B. Process
Pursuant to section 159R(1)(c), the following timetable sets out the key milestones and target dates for submissions of proposed plans to the TEC. The submission deadline is 31 July 2017 for ITOs and 31 August 2017 for all other TEOs.
| Activity | Timing |
|---|---|
| TEC releases Supplementary Plan Guidance to ITOs | 31 March 2017 |
| TEC publishes notice in the New Zealand Gazette setting out requirements for Plan content, | 4 May 2017 |
| assessment and Plan summaries (this notice) | |
| Government announces Budget 2017 | 25 May 2017 |
| TEC releases Supplementary Plan Guidance to reflect any policy or Budget changes (as required) | 30 June 2017 |
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NZ Gazette 2017, No 47
✨ LLM interpretation of page content
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Education (Proposed Investment Plans: Content & Submission; Assessment Criteria; and Plan Summaries) Notice 2017
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🎓 Education, Culture & ScienceEducation Act, Investment Plans, Tertiary Education, Funding Mechanisms, Mission, Government Priorities, Stakeholders, Programmes, Activities