Glossary

Kuputaka

All terms Māori terms only

    Funding confirmation

    A letter to a TEO that sets out the terms and conditions on which funding is provided in accordance with a funding mechanism.

    Funding confirmation guidance

    Guidance we provide to help TEOs understand the information in the funding confirmation. The guidance is linked to the particular fund(s) specified in the funding confirmation.

    Funding initiative

    An initiative which does not necessarily have a separate fund associated with it.

    Funding mechanism

    The mechanism determined by the Minister for Tertiary Education and Skills under Section 419 of the Education and Training Act 2020 that we must use to fund organisations.  A funding mechanism outlines the general form and essential components of a fund which we must use to fund TEOs. 

    Funding recovery

    Under an Investment Plan, funding recovery may be made if delivery is less than 99% of the SAC delivery agreed in a Plan.  Recoveries are provided for in a number of funds where under-delivery occurs. A recovery may also be the result of an audit or a targeted review.

    Funding recovery letter

    A formal letter which is sent to a TEO advising them of a funding recovery.

    Gateway

    Provides senior secondary students (year 11 and above) with access to structured workplace learning including specific assessment methods.

    Grant funding

    A funding arrangement that is designed to support an organisation or an activity, rather than to buy goods or services.

    Group Training Scheme Fund (GTS)

    The Group Training Scheme (GTS) Fund is to ensure apprentices employed by Group Training Schemes are able to be retained by making the Schemes viable during the immediate aftermath of the lockdown due to COVID-19.

    GTS

    The Group Training Scheme (GTS) Fund is to ensure apprentices employed by Group Training Schemes are able to be retained by making the Schemes viable during the immediate aftermath of the lockdown due to COVID-19.