27    TasTAFE

Authority Outline

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 2019-20 and over the Forward Estimates period (2020-21 to 2022-23). Further information on TasTAFE is provided at www.tastafe.tas.edu.au.


 

Key Deliverables

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 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 2018‑19 Budget included $7 million for the development of a Trades and Water Centre of Excellence in Clarence and $5 million for an Agricultural Centre of Excellence based at Freer Farm, Burnie.

The 2019‑20 Budget includes $2.9 million over two years for a new initiative, Skilled Workforce to Meet Industry Demand. This funding will provide increased pre-vocational training to support construction industry apprentices, and increase capacity in the Diploma of Nursing to address workforce demands.


 

Detailed Budget Statements

Table 27.1:       Statement of Comprehensive Income

 

2018-19 

2019-20 

2020-21 

2021-22 

2022-23 

 

 

 

Forward 

Forward 

Forward 

 

Budget 

Budget 

Estimate 

Estimate 

Estimate 

 

$'000 

$'000 

$'000 

$'000 

$'000 

 

 

 

 

 

 

Revenue and other income from transactions

 

 

 

 

 

Grants1

84 920 

92 344 

81 908 

82 087 

84 499 

Sales of goods and services

24 150 

23 703 

24 200 

24 685 

25 179 

Interest

125 

125 

140 

125 

125 

Total revenue and other income from transactions

109 195 

116 172 

106 248 

106 897 

109 803 

 

 

 

 

 

 

Expenses from transactions

 

 

 

 

 

Employee benefits2

71 957 

73 312 

75 421 

74 940 

76 461 

Depreciation and amortisation

8 825 

8 655 

8 970 

8 511 

7 900 

Supplies and consumables

31 170 

30 754 

31 062 

31 829 

32 987 

Total expenses from transactions

111 952 

112 721 

115 453 

115 280 

117 348 

 

 

 

 

 

 

Net result from transactions (net operating balance)

(2 757)

3 451 

(9 205)

(8 383)

(7 545)

 

 

 

 

 

 

Net result

(2 757)

3 451 

(9 205)

(8 383)

(7 545)

 

 

 

 

 

 

Comprehensive result

(2 757)

3 451 

(9 205)

(8 383)

(7 545)

 

 

 

 

 

 

 

Notes:

1.    The increase in Grants in 2019‑20 reflects funding for the development of a Trades and Water Centre of Excellence, Agricultural Centre of Excellence and Skilled Workforce to Meet Industry Demand.

2.    The increase in Employee benefits in 2019‑20 and 2020‑21 reflects additional funding of $2.9 million over two years for Skilled Workforce to Meet Industry Demand.


 

Table 27.2:       Statement of Financial Position as at 30 June

 

2019 

2020 

2021 

2022 

2023 

 

 

 

Forward 

Forward 

Forward 

 

Budget 

Budget 

Estimate 

Estimate 

Estimate 

 

$'000 

$'000 

$'000 

$'000 

$'000 

 

 

 

 

 

 

Assets

 

 

 

 

 

Financial assets

 

 

 

 

 

Cash and deposits

6 367 

7 223 

7 334 

7 761 

8 416 

Receivables

5 608 

5 064 

4 448 

3 831 

3 213 

 

11 975 

12 287 

11 782 

11 592 

11 629 

 

 

 

 

 

 

Non-financial assets

 

 

 

 

 

Property, plant and equipment

163 077 

170 991 

163 129 

155 267 

147 405 

Heritage and cultural assets

26 

26 

26 

26 

26 

Intangibles1

2 826 

1 719 

611 

.... 

.... 

 

165 929 

172 736 

163 766 

155 293 

147 431 

 

 

 

 

 

 

Total assets

177 904 

185 023 

175 548 

166 885 

159 060 

 

 

 

 

 

 

Liabilities

 

 

 

 

 

Payables

5 362 

3 862 

3 762 

3 662 

3 562 

Employee benefits

16 470 

16 280 

16 060 

15 830 

15 600 

Other liabilities

2 700 

2 750 

2 800 

2 850 

2 900 

Total liabilities

24 532 

22 892 

22 622 

22 342 

22 062 

 

 

 

 

 

 

Net assets (liabilities)

153 372 

162 131 

152 926 

144 543 

136 998 

 

 

 

 

 

 

Equity

 

 

 

 

 

Contributed capital

227 033 

227 033 

227 033 

227 033 

227 033 

Reserves

9 880 

14 092 

14 092 

14 092 

14 092 

Accumulated funds

(83 541)

(78 994)

(88 199)

(96 582)

(104 127)

Total equity

153 372 

162 131 

152 926 

144 543 

136 998 

 

 

 

 

 

 

Note:

1.    The decrease in Intangibles reflects the amortisation of the student management system.


 

Table 27.3:       Statement of Cash Flows

 

2018-19 

2019-20 

2020-21 

2021-22 

2022-23 

 

 

 

Forward 

Forward 

Forward 

 

Budget 

Budget 

Estimate 

Estimate 

Estimate 

 

$'000 

$'000 

$'000 

$'000 

$'000 

 

 

 

 

 

 

Cash flows from operating activities

 

 

 

 

 

Cash inflows

 

 

 

 

 

Grants1

84 920 

92 344 

81 908 

82 087 

84 499 

Sales of goods and services

25 438 

24 278 

24 775 

25 260 

25 754 

GST receipts

3 360 

3 640 

3 712 

3 766 

3 821 

Interest received

125 

125 

140 

125 

125 

Total cash inflows

113 843 

120 387 

110 535 

111 238 

114 199 

 

 

 

 

 

 

Cash outflows

 

 

 

 

 

Employee benefits2

(63 969)

(65 103)

(66 980)

(66 544)

(67 890)

Superannuation

(8 252)

(8 399)

(8 661)

(8 626)

(8 801)

GST payments

(3 464)

(3 568)

(3 621)

(3 674)

(3 728)

Supplies and consumables

(31 497)

(32 254)

(31 162)

(31 967)

(33 125)

Total cash outflows

(107 182)

(109 324)

(110 424)

(110 811)

(113 544)

 

 

 

 

 

 

Net cash from (used by) operating activities

6 661 

11 063 

111 

427 

655 

 

 

 

 

 

 

Cash flows from investing activities

 

 

 

 

 

Payments for acquisition of non-financial assets

(6 300)

(14 145)

.... 

.... 

.... 

Net cash from (used by) investing activities

(6 300)

(14 145)

.... 

.... 

.... 

 

 

 

 

 

 

Net increase (decrease) in cash and cash equivalents held

361 

(3 082)

111 

427 

655 

 

 

 

 

 

 

Cash and deposits at the beginning of the reporting period

6 006 

10 305 

7 223 

7 334 

7 761 

Cash and deposits at the end of the reporting period

6 367 

7 223 

7 334 

7 761 

8 416 

 

 

 

 

 

 

Notes:

1.    The increase in Grants in 2019‑20 reflects funding for the development of a Trades and Water Centre of Excellence, Agricultural Centre of Excellence and Skilled Workforce to Meet Industry Demand.

2.    The increase in Employee benefits in 2019‑20 and 2020‑21 reflects additional funding of $2.9 million for Skilled Workforce to Meet Industry Demand.