Industry Analysis & Industry Trends
The Technical and Vocational Education and Training industry is subject to continuous changes in regulation. In 2012, the Federal Government increased grants to the industry under the National Partnership Agreement, under the condition that the states and territory governments improve the outcomes of vocational and educational training (VET). The increased availability of VET loans and the inclusion of private registered training organisations (RTOs) in funding caused industry establishments to rise. More recently, concerns regarding the use of government funding by numerous private RTOs has led to the VET FEE-HELP scheme ending. Instead, VET Student Loans will come into effect in January 2017. Industry revenue is expected to increase at a compound annual rate of 1.3%... purchase to read more
Industry Report - Industry Products Chapter
Industry courses can be segmented according to the level of qualification offered. This includes diplomas and certificates I to IV, and non-award courses and bridging courses.
Certificate I is the lowest tertiary education qualifications available under the Australian Qualifications Framework (AQF). It equips individuals with basic functional knowledge and skills for initial work, further learning and community involvement. Graduates at this level can undertake routine tasks and identify simple problems. Certificate I courses are also offered to secondary school students, but this revenue is not included in the industry. This segment's contribution to industry revenue has remained stable over the past five years... purchase to read more