✨ Education Investment Plans
NEW ZEALAND GAZETTE, No. 47 — 4 MAY 2017
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The performance indicators used in measuring whether the specified outcomes relating to those tertiary education programmes and activities are being or have been achieved:
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The TEO’s proposed performance commitments are:
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designed and presented so that they give clear evidence about the quality of the activity being measured;
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relevant, so that they give meaningful information about the TEO’s performance against its proposed outcomes;
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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 (including contribution to achieving parity in participation and achievement for Māori and Pasifika); 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.
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The extent and nature of a TEO’s consultation over its proposed plan:
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The TEO has clearly and accurately identified its key stakeholders, including:
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learners or prospective learners (in particular those who are Māori, or Pasifika, or young people, or who have low levels of literacy, language, and numeracy);
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employers, businesses or industries relevant to the TEO’s areas of delivery; and
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relevant communities, including those that support Māori and Pasifika learners.
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The TEO has ascertained the needs of its key stakeholders, through direct consultation and the use of statistical information about regional or national demographics and employment market demand.
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The TEO has reviewed its current and proposed plans against the needs of its stakeholders, and has documented what changes it has made, or will make to better accommodate these.
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The TEO has reviewed its own performance against its current and previous plans.
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If applicable, the TEO has performed well against its current and previous plans, and in particular has:
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improved its performance over time (this may include reference to return on investment, for example employment outcomes of its graduates);
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met its plan commitments and KPIs;
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demonstrated satisfactory educational performance, including meeting the upper thresholds of the TEC’s Performance Linked Funding framework (for TEOs subject to Performance Linked Funding);
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demonstrated satisfactory financial performance, including:
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for tertiary education institutions and industry training organisations only, receiving a satisfactory assessment on the TEC’s Financial Monitoring Framework; and
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for private training establishments only, meeting the TEC’s Prudential Financial Standards for private training establishments;
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been assessed as satisfactory in terms of its last external review by the relevant quality assurance body;
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demonstrated good governance and management capability in forecasting, planning, and implementation, and the (where applicable) ability to provide supplementary information such as capital asset management reporting;
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demonstrated its ability and commitment to work with other organisations to build system responsiveness and sustainability, and pathways through the education system;
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complied with conditions imposed on funding approval;
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complied with any other requirements and expectations imposed on funding approval; and
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complied with its obligations to report to TEC.
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Pursuant to section 159Y(3): For tertiary education institutions only, the institution meets the expectations expressed in this notice regarding the inclusion of a forecast Statement of Service Performance in its plan.
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Pursuant to section 11 of the Industry Training and Apprenticeships Act 1992: For industry training
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✨ LLM interpretation of page content
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Education (Proposed Investment Plans: Content & Submission; Assessment Criteria; and Plan Summaries) Notice 2017
(continued from previous page)
🎓 Education, Culture & ScienceEducation Act, Investment Plans, Tertiary Education, Funding Mechanisms, Mission, Government Priorities, Stakeholders, Programmes, Activities, Performance Indicators, Consultation, Māori, Pasifika, Employers, Communities, Financial Performance, Governance, Compliance
NZ Gazette 2017, No 47