Funding and payments
Funding and payments
How Medical Trainee Intern Grants funding is set and payments are made. Also includes funding allocation and funding recovery information.
How Medical Trainee Intern Grants funding is set and payments are made. Also includes funding allocation and funding recovery information.
The Medical Trainee Intern Grant funding mechanism is issued by the Minister responsible for tertiary education. The funding mechanism outlines the general form and essential components of the fund. It provides the mandate for us to allocate the funding and what the funding can be used for, and details how we administer the fund. Medical Trainee Intern Grants are funded off-Plan via a funding confirmation letter. A university that receives Medical Trainee Intern Grants funding is required to: We pay some funding up front and the remainder in equal monthly instalments. The Medical Trainee Intern Grants are allocated annually based on the number of eligible sixth-year medical students (working as trainee interns) each university will have in the coming year. Each grant is $26,756 (GST exempt) per student per 12 months internship. The methodology and technical specifications for the calculation of 2022 funding wash-ups can be found in the 2022 Global Wash-up Methodology document. If we are satisfied on reasonable grounds that a university has not met or is not meeting the conditions of funding, we may revoke or suspend the funding under Schedule 18, clause 26 of the Education and Training Act 2020. Funding
Payment
Funding allocation
Funding wash-ups
Suspending or revoking funding