Funding and payments – Equity Fund

Funding and payments – Equity Fund

Last updated 23 February 2024
Last updated 23 February 2024

This page provides information about how Equity Fund funding is set and payments are made 

For the full Fund requirements, see the Equity funding conditions for the relevant year.

Funding mechanism

The Minister responsible for tertiary education issues the Equity funding mechanism. It sets out the purpose of the fund and gives authority to the Tertiary Education Commission (TEC) to administer the funding.

Funding is agreed through each tertiary education organisation’s (TEO’s) Investment Plan. For more information see Plan Guidance and Toolkit.

A TEO that receives Equity funding is required to:

The overall amount of Equity funding available is set through the Government’s annual budget process. We determine the appropriate amount of Equity funding for a TEO through the annual investment process and in-year additional funding requests (if available).

Funding allocation and payments

Funding allocations, including any amendments, are available through the My Allocations and Payments app on Ngā Kete.

Equity funding is paid in equal monthly instalments.

For the calculation of indicative allocations see the methodology from the relevant year. The most recent information is at the top.

For more details regarding your specific allocation, please contact customerservice@tec.govt.nz or your Relationship Manager.

Funding wash-ups

For the calculation of funding wash-ups see the methodology and technical specifications from the relevant year. The most recent information is at the top.