Standard Training Measures
The STM rate for 2010 was confirmed through Budget 2009.
| Year | STM Rate (excl GST) |
| 2008 | $2,845 |
| 2009 | $2,919 |
| 2010 | $2,919 |
Calculation formula
The formula for calculating an STM payment is:
STM volume x STM funding rate = STM payment
The STM volume is calculated as follows:
The number of enrolled credits for the year will reflect the total credits for the programme divided by the number of years expected for completion of the programme.
For example:
- A 180 credit programme is delivered over four years. This will result in 180/4 = 45 credits per year.
- 300 trainees enrol in this programme.
Total funding for the year is 112.5 x $2844.44 = $319,999.50 (excl GST).
STMs are calculated on the number of trainees in training at the end of the quarter (so, to be eligible for payment, a trainee must be “active” at the end of the quarter).