Funding and payments

Funding and payments

Last updated 8 February 2022
Last updated 8 February 2022

How Medical Trainee Intern Grants funding is set and payments are made. Also includes funding allocation and funding recovery information.

Funding

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:

Payment

We pay some funding up front and the remainder in equal monthly instalments.

Funding allocation

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.

Funding wash-ups

The 2021 methodology and technical specifications for the calculation of funding wash-ups can be found in the Calculating the 2021 wash-up document.

Calculating the 2021 wash-up (PDF, 1.2 Mb)

Suspending or revoking funding

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