Parliament approves more than $4 billion each year for tertiary education (including student loans) through the Budget. The appropriation made is mainly within Vote Tertiary Education.

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Our Statement of Intent specifies how we will manage the services we will deliver within the appropriation.

The government’s financial year runs from 1 July–30 June, whereas our funding for most TEOs is within a calendar year. This can mean it takes some time to explain the implications of Budget decisions.

  • Last changed: 30 March 2015