TasTAFE is a Statutory Authority established by the Training and Workforce Development Act 2013. Governed by a Board of Directors, TasTAFE is the single public sector entity responsible for post‑compulsory Vocational Education and Training in Tasmania. Through its status as a registered training organisation, its role is to enable Tasmanians to gain skills and qualifications needed for the State’s workforce and to support the community to succeed and prosper.
TasTAFE is the largest vocational education and training provider in Tasmania, providing the majority of training for Tasmanian businesses. TasTAFE also operates in the contestable training market in Tasmania and in the commercial international student market. It services the training needs of individual learners as well as providing training and workforce skills development services to Tasmanian employers and their employees.
The scope of training provided by TasTAFE aims to support the economic and policy priorities of the Tasmanian Government, business and industry, and covers the major trade, technical and vocational occupations represented in the Tasmanian economy.
Training is conducted statewide at TasTAFE facilities in Hobart, Clarence, Claremont, Launceston, Alanvale, Devonport and Burnie; in Trade Training Centres; regional locations; workplaces across the State; and online.
The TasTAFE Board of Directors is accountable to the Minister for Education and Training, Hon Jeremy Rockliff MP.
This chapter provides financial information for TasTAFE for 2018‑19 and over the Forward Estimates period (2019‑20 to 2021‑22). Further information on TasTAFE is provided at www.tastafe.tas.edu.au.
TasTAFE’s key deliverables are driven by the Government’s priorities and TasTAFE’s Corporate Plan.
TasTAFE continues to develop contemporary strategies and plans aimed at creating accessible and quality VET delivery across Tasmania, with a strong emphasis on industry partnerships. Strategies will continue to focus on the advanced manufacturing, agricultural, construction, human services, and the tourism and hospitality sectors. TasTAFE will continue to re-position itself and be more responsive to the needs of communities that do not have ready access to existing TasTAFE infrastructure.
The 2017-18 Budget included an allocation of $3.2 million over two years for the development of a Drysdale Centre of Excellence. The 2018-19 Budget includes an additional investment of $3.5 million for the further development of Drysdale at new locations in Devonport and Claremont. The 2018‑19 Budget and Forward Estimates also include an amount of $12 million for the development of centres of excellence in Trades and Water and Agriculture.
This brings the total commitment for the development of centres of excellence to $18.7 million over the 2018‑19 Budget and Forward Estimates. In summary, the total investment will include:
· $6.7 million for Investment in Drysdale as a Centre of Excellence, including delivery points in Claremont and Devonport;
· $7 million for the development of a Trades and Water Centre of Excellence based at Clarence in Hobart; and
· $5 million for an Agricultural Centre of Excellence based at Freer Farm, Burnie.
In addition to the above initiatives, the 2018-19 Budget also includes $1.5 million for the continuation of the Education Architecture initiative announced in 2016‑17.
Table 26.1: Statement of Comprehensive Income1
1. Authority estimates do not include the indexation impact of any variations to Authority expenditure that have been made since the finalisation of the Revised Estimates Report 2017-18 (including December Quarterly Report). For further information see chapter 1 of this Budget Paper.
2. The increase in Grants in 2018‑19 reflects additional funding of $3.5 million to further develop the Drysdale Centre of Excellence in Devonport and Claremont, this is in addition to the $2.4 million already committed in the 2018‑19 Budget. The increase in 2019‑20 reflects funding for the development of a Trades and Water Centre of Excellence and an Agricultural Centre of Excellence.
3. The increase in Interest is due to a reclassification as Interest had previously been recorded as Sales of goods and services.
4. The increase in Employee benefits in 2018‑19 reflects anticipated expenditure related to addressing findings from the WLF Accounting & Advisory investigation and requirements arising from the Australian Skills Quality Authority re‑registration.
5. The increase in Depreciation and amortisation in 2018‑19 reflects the impairment of assets purchased in 2016‑17 and 2017‑18.
Table 26.2: Statement of Financial Position as at 30 June
1. The increase in Receivables and decrease in Other financial assets in 2019 reflects a reclassification of accrued revenue related to training activities completed during the financial year which have not been invoiced at year end.
2. The decrease in Inventories in 2019 reflects a change in the treatment of Inventories to be fully expensed at time of purchase.
3. The decrease in Property, plant and equipment and increase in Intangibles in 2019 reflects a reclassification of the student management system, which was implemented in January 2017 and will be amortised over the next five years.
4. The decrease in Other assets in 2019 reflects the full impairment of Library stock during 2017‑18.
5. The decrease in Payables and increase in Other liabilities in 2019 reflects the reclassification of student fees invoiced in advance.
6. The decrease in Contributed capital in 2019 reflects proceeds paid to the Crown Lands Administration Fund from the partial sale of the Valley Road Campus at Devonport in 2016-17.
7. The increase in Reserves in 2019 reflects the increase in the asset valuation indices for Buildings, as recommended by the Office of the Valuer‑General in 2016-17.
Table 26.3: Statement of Cash Flows
1. The increase in Grants in 2018‑19 reflects additional funding of $3.5 million to further develop the Drysdale Centre of Excellence in Devonport and Claremont, this is in addition to the $2.4 million already committed in the 2018‑19 Budget. The increase in 2019‑20 reflects funding for the development of a Trades and Water Centre of Excellence, and an Agricultural Centre of Excellence.
2. The increase in Interest received is due to a reclassification as Interest and had previously been recorded as Sales of goods and services.
3. The increase in Employee benefits in 2018‑19 reflects anticipated expenditure related to addressing findings from the WLF Accounting & Advisory investigation and requirements arising from the Australian Skills Quality Authority re‑registration.