EQT

  • EQT001: TEO to supply information and report to TEC

    As specified in section 159YC(1) of the Education 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 the TEC, and in the form specified by the TEC, any financial, statistical, or other information that the TEO is required by the TEC to supply.  TEO to supply enrolment information to the TEC The TEO must: a) supply to the TEC…

  • EQT002: TEO to continue to be eligible to receive Equity Funding

    Equity Funding for Māori and Pasifika students In order to continue to receive Equity Funding for Māori and Pasifika students, the TEO must, throughout the period of Equity Funding for Māori and Pasifika students, continue to: a) be a TEO; and b) receive SAC funding under the Determination of Design of Funding Mechanism: Student Achievement Component – Provision at Level 3 or above on the New…

  • EQT003: TEO to use funding responsibly

    The TEO must only use Equity Funding: a) lawfully, responsibly, and for the purposes for which the funding is provided; and b) in a manner consistent with the appropriate use of public funds. Equity funding is not provided for the purposes of, and so must not be used for: c) funding capital works or items; or d) funding the TEO’s compliance with statutory requirements, such as Health and Safety…

  • EQT004: TEO to repay over-funding

    If the TEO receives funding that is greater than the amount it should have been, or that the TEO was not entitled to receive, then the TEO must treat the amount of over-funding received as a debt due to the Crown that: a) is repayable on demand by the TEC; and b) may be set-off against all or any funding, or any sum of money payable by the TEC to the TEO.  

  • EQT005: TEO to repay funding following revocation of funding approval

    If the TEC, in accordance with section 159YG of the Education Act 1989, suspends or revokes some or all of the TEO's Equity Funding before some or all of that funding has been used or contractually committed towards the purposes for which it was provided, the TEO must treat the unexpended or uncommitted portion of funding as a debt due to the Crown that: a) is repayable on demand by the TEC; an…

  • EQT006: TEO to make information available to TEC and its appointed representative for the purpose of monitoring

    By accepting funding from the TEC the TEO is deemed to have acknowledged that one of the TEC’s statutory functions is to monitor the performance of organisations receiving funding from the TEC, and that it is a statutory condition that the TEO must maintain certain records and supply certain information to the TEC. Accordingly, by accepting funding from the TEC the TEO is deemed to have…