Funding and payments
Funding and payments
How Wānanga Research Capability funding is set and payments are made. Also includes funding allocation and funding recovery information.
How Wānanga Research Capability funding is set and payments are made. Also includes funding allocation and funding recovery information.
The Wānanga Research Capability Fund 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. Funding is agreed through the wānanga Investment Plan (Plan). A wānanga that receives Wānanga Research Capability funding is required to: Funding for the Wānanga Research Capability Fund is set through the Government’s annual budget process. The amount each wānanga is allocated is determined in consultation with wānanga. Through each wānanga Plan, we agree the activities and/or approach that the wānanga will use to give effect to the funding, and the outcomes to be achieved. Wānanga Research Capability funding is paid in monthly instalments. The payment amounts are in equal instalments from January to June, and in equal instalments from July to December. Purpose of Wānanga Research Capability funding The purpose of the Wānanga Research Capability Fund is to support research capability building within wānanga, particularly in the area of wānanga specialisation in mātauranga Māori/Māori knowledge. The information below provides a summary of how your indicative allocation was calculated. For more details regarding your specific allocation, please contact customerservice@tec.govt.nz or your Relationship Manager. We will use your 2020 allocation as your starting point for your 2021 indicative allocation. Any 2020 in-year amendments will be included in the calculation to inform your 2021 allocation. None Under Schedule 18 Clause 16 of the Education and Training Act 2020 (the Act), we may suspend or revoke some or all funding given under section 425 of the Act if we are satisfied on reasonable grounds that: If a TEO has its funding approval revoked in accordance with Schedule 18 Clause 16 of the Education and Training Act 2020, the unspent portion of funding is repayable to the TEC (see Condition: Suspension or revocation of WRC Fund Funding). We may arrange to off-set the amount against any funding payable to the wānanga. Funding
Payment
Funding allocations
2021 Wānanga Research Capability indicative allocation
How we calculated your 2021 indicative allocation for Wānanga Research Capability
Starting point
Key changes to our approach for 2021
Suspending or revoking funding