Government policy objectives, such as increasing attainment levels A CLEAR VISION FOR WHAT GOVERNMENT and responsiveness to labour market needs; stability; sustainability; EXPECTS FROM THE VET SYSTEM and, effective budget management. The Review advocates for the Government to play a more active role The current unstable and unsustainable funding model is not meeting in the VET system than has been the case in the past few years and our State’s needs. It isn’t promoting the right types of training, and for all players to share a common view of what the system is isn’t providing good value for the $1.2 billion investment that the expected to achieve. State makes. It is vital that all participants share a common view of what the The new funding model that Government develops will build on VET system is expected to achieve, to provide clarity and the original concept of a contestable market driven by student facilitate the pursuit of common goals. demand, but will enable the training system to deliver what the economy needs now and into the future, and to achieve the A NEW STABLE AND SUSTAINABLE greatest possible benefit from the public funds invested. FUNDING MODEL Over the coming months, Government will engage with key stakeholders, develop and refine the design of this model, so that a The Review proposes that the funding be built around the new model can be communicated to the market in advance of principles of choice, contestability and diversity; achievement of implementation, which will commence progressively from 2017. SKILLS AND JOBS IN THE EDUCATION STATE 7
A CLEAR VISION FOR WHAT GOVERNMENT EXPECTS FROM THE VET SYSTEM The Review advocates for the Government to play a more active role in the VET system than has been the case in the past few years and for all players to share a common view of what the system is expected to achieve. It is vital that all participants share a common view of what the VET system is expected to achieve, to provide clarity and facilitate the pursuit of common goals. A NEW STABLE AND SUSTAINABLE FUNDING MODEL The Review proposes that the funding be built around the principles of choice, contestability and diversity; achievement of Government policy objectives, such as increasing attainment levels and responsiveness to labour market needs; stability; sustainability; and, effective budget management. The current unstable and unsustainable funding model is not meeting our State’s needs. It isn’t promoting the right types of training, and isn’t providing good value for the $1.2 billion investment that the State makes. The new funding model that Government develops will build on the original concept of a contestable market driven by student demand, but will enable the training system to deliver what the economy needs now and into the future, and to achieve the greatest possible benefit from the public funds invested. Over the coming months, Government will engage with key stakeholders, develop and refine the design of this model, so that a new model can be communicated to the market in advance of implementation, which will commence progressively from 2017. SKILLS AND JOBS IN THE EDUCATION STATE 7
Skills_and_Jobs_Ed_State_Response.docx