The funding mechanism requires the TEC to impose a number of conditions on Gateway funding received by a school. We impose these under section 159ZD(2)(b) of the Education Act 1989 (the Act).
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We may also impose other conditions on funding if the Minister for Tertiary Education, Skills and Employment allows for it in the funding mechanism. We impose these under section 159ZD(2)(a) of the Act.
A TEO that receives Gateway funding must comply with the conditions specified in its funding confirmation letter, and in the Act. Those conditions are also set out below.
If we are satisfied on reasonable grounds that a school has not complied or is not complying with the conditions on funding we may revoke or suspend the funding under section 159ZF of the Act.
As specified in section 159ZD(1) of the Act, it is a condition of a TEO receiving funding that the TEO will supply to the TEC, from time to time as required by us, and in the form specified by us, any financial, statistical, or other information that a TEO is required to supply.
A school that receives funding is required under section 159ZE of the Act to keep records, for the period to which the funding relates, that fully and fairly show:
- transactions, assets, liabilities, and funds that are or were affected by the funding
- whether any conditions on which the funding approval was given have been complied with.
A school that receives funding is required under section 159ZE of the Act to provide the TEC with a number of financial reports. We have exempted schools that receive Gateway funding from providing us with these reports. However, if a school is asked for them, it must provide them to us.
Schools must ensure that the records are available for inspection by us at all reasonable times.
We expect schools to comply with the funding guidance set out in the Gateway Handbook (updated July 2016) (PDF, 835 Kb).
All conditions that apply to Gateway funding in 2016 are included in your funding confirmation letter.
Download a generic copy of the Gateway funding confirmation letter (PDF, 204 Kb).
You can also view the archived Gateway conditions (PDF, 255 Kb) that applied to 2015 funding only.