VET Funding Review

The Government has outlined its vision for training in the Education State, with the publication of the VET Funding Review and the Government’s Response, Skills and Jobs in the Education State.

The independent VET Funding Review was established in February 2015 to help  Government develop reforms to improve the quality, stability and sustainability of the Victorian training and TAFE system.

It was led by Reviewer Bruce Mackenzie, with Deputy Reviewer Neil Coulson, and undertook extensive public consultation with stakeholders from across the training and TAFE sector.

The Government then carefully considered the Review and released both the Report and the Response on 16 December 2015.

To read the review and the response, see VET Funding Response page on the Department's website.

In summary, the Response outlines the Government's vision for the future of VET in Victoria.

The vision includes six building blocks to reform. These are:

  • A clear vision for what Government expects from the VET system.
  • A new, stable and sustainable funding model.
  • A commitment to restoring strong and sustainable TAFEs and Learn Local community providers.
  • A commitment to putting industry, employers and students first, in order to boost jobs and productivity.
  • A commitment to a fair and equitable funding system.
  • A commitment to placing quality and continuous improvement at the heart of VET.

The Government Response outlines three overarching objectives for the sector. These are that VET should:

  • Deliver quality training that meets current and future industry needs;
  • Grow employment and further education outcomes; and
  • Promote equity and address disadvantage.

The VET system is complex and it is important that the benefits, costs and system-wide impacts of reform are considered carefully.

The Government has now refined the model and announced the revised training and TAFE system, Skills First.

For information on how Skills First will benefit the training and TAFE system, see What is Skills First? or contact us at skillsfirst.enquiry@edumail.vic.gov.au