How will the National VET Regulator be funded?
The Australian Government has committed $55 million over four years to the National VET Regulator and the Standards Council as part of the 2010-11 Budget. This funding will be in addition to fees received by the National VET Regulator for regulatory activities. While the fee structure will be developed and finalised as part of the implementation of the National VET Regulator, COAG agreed that the fee structure for the National VET Regulator will be agreed by the Ministerial Council for Tertiary Education and Employment (MCTEE).
