Performance-linked funding framework for industry training organisations
Industry training organisations (ITOs) are subject to a different performance-linked funding framework which forms part of the conditions of funding.
ITOs must ensure that at least 80% of industry trainees and apprentices actively training with the ITO for 90 days or more in the calendar year achieve at least 10 credits. Failure to achieve this results in funding deductions each percentage point below 80%:
- up to a maximum of 2.5% of the net funding in 2014; and
- up to a maximum of 5.0% of the net funding in 2015.
8 March 2013