Industry Training Fund

Funding is provided through the Industry Training Fund for Investment Plans in line with the following principles:

• the tertiary education system will result in a high quality, valuable experience for the participating trainees and employers
• funding is for the delivery of an organisation’s Investment Plan and the outcomes approved for it, which in turn are linked with government goals and priorities, and trainee and employer needs
• TEOs are accountable for achieving outcomes and delivery commitments in the Investment Plans for which they receive funding
• changes that impact on funding or the delivery of outcomes should take place on a “no surprises” basis
• industry training is expected to be supported by industry with an industry cash contribution.