Limits on use of funding
PTEs must only use the PTE TAF Funding to enable the continued operation of the PTE at a minimum viable level. The costs of a PTE’s continued operation include operational costs and capital costs incurred.
Operational costs are the costs attributed to the provision of NZQA accredited programmes to existing and future learners, including pastoral care for learners. Operational costs may include any potential business costs incurred during hibernation¹ and the cost of business re-opening post-hibernation.
Capital costs may include but are not limited to implementing new methods of programme delivery for learners.
You must not use the PTE TAF Funding to increase pay-outs to shareholders.
 Private Training Establishments (PTEs) may seek to become inactive, while remaining registered, for an initial period of 12 months and up to a maximum period of 18 months in a process called “hibernation”. PTEs may make a request to New Zealand Qualifications Authority (NZQA) to become inactive.
The 2020 fund specific letter template and conditions for PTE TAF Funding are available below:
See also the 2020 Funding Conditions Catalogue for further information on base funding conditions.