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Glossary

Kuputaka

Filter terms

  • Funding approval

    A decision we made under Section 425 of the Education and Training Act 2020 to fund some or all of the tertiary education programmes and activities described in an organisation's proposed Plan.

  • Funding categories

    Funding categories are the coding system the TEC uses to group all courses under a particular delivery classification into funding bands. These bands are based on each course’s level of delivery, and they ultimately connect to the funding rate a tertiary education organisation will receive. Funding categories have two parts: an alphabetic code (eg, A), and a numeric code between 1 and 4 (eg, 1). 

  • Funding condition

    An enforceable requirement imposed by the Education and Training Act and/or the TEC that attaches to funding.

  • Funding confirmation letter

    The letter TEC sends to TEOs that outlines the funding we will give them on which conditions are imposed, organisation-specific conditions imposed on their funding, and any minimum requirements.

  • Funding mechanism

    The mechanism determined by the Minister under Section 419 of the Education and Training Act 2020 that TEC must use to fund organisations. A funding mechanism outlines the general form and essential components of a fund which TEC must use to fund TEOs. 

  • Funding period

    The relevant funding period for each fund as set out in a tertiary education organisation's TEO's funding confirmation letter.

  • Funding wash-up

    A wash-up is money that the TEC either pays to a tertiary education organisation (TEO), usually for over-delivery in a calendar year (eg, Flexible Funding), or recovers from a TEO, usually for under-delivery in a calendar year.
    We calculate wash-ups for each fund using a set of methodologies and make these available to TEOs.

  • Funding wash-up letter

    A formal letter which is sent to a TEO advising them of either a payment or recovery of funding.

  • Gateway Fund

    The Gateway Fund provides senior secondary students (year 11 and above) with access to structured workplace learning including specific assessment methods.

  • Grant funding

    A funding arrangement that is designed to support an organisation or an activity, rather than to buy goods or services.