ILN009: TEO to repay excess funding

Type:
Condition

If the TEO receives ILN funding that is greater than it should have been, or that it was not entitled to receive, the TEO must treat the amount of the over-funding as a debt due to the Crown that:

a)     is repayable on demand; and

b)     may be set-off against all or any funding, or any sum of money payable by the TEC to the TEO.

Funding that is greater than it should have been

For the purposes of this condition, the TEC will determine whether the TEO received funding that was greater than it should have been by:

a)     multiplying the number of places specified in the TEO's Investment Plan by 100 (the average hours required per learner); and

b)     subtracting the total number of hours delivered (based on actual attendance) in the calendar year from the figure in (a).

For example:

(Places in Investment Plan x 100 hours) – Total hours delivered = under/over-delivery (recoverable amount where there is under delivery).

  • Last changed: 7 April 2016
  • Last verified: 7 April 2016