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 vocational 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 is accountable to the Minister for Education and Training, Hon Jeremy Rockliff MP.

This chapter provides financial information for TasTAFE for 2020‑21 and over the Forward Estimates (2021‑22 to 2023‑24). Further information on TasTAFE is provided at www.tastafe.tas.edu.au.

 


 

Key Deliverables

Table 27.1 provides a summary of the Budget and Forward Estimates allocations for key deliverables within the Authority.

In addition to the important key deliverables identified in the below table, TasTAFE is also taking action to support the implementation of the important recommendations included in the Premier’s Economic and Social Recovery Advisory Council’s Interim Report which have been endorsed by the Government. Where specific additional funding is not required, recommendations are being implemented within existing resources.

Table 27.1:       Key Deliverables Statement

 

2020‑21

 

Budget

2021‑22

Forward

Estimate

2022‑23

Forward

Estimate

2023‑24

Forward

Estimate

 

$'000

$'000

$'000

$'000

COVID‑19 Response and Recovery Measures

 

 

 

 

Energy, Trades and Water Centre of Excellence

5 000

2 000

....

....

Priority Industry Skills Funding ‑ More Teachers at TasTAFE

1 000

1 000

....

....

Public Building Maintenance Program

1 967

300

....

....

 

 

 

 

 

Other Key Deliverables

 

 

 

 

IT Network Infrastructure upgrades

1 000

3 000

....

....

Skilled Workforce to Meet Industry Demand

1 950

....

....

....

 

 

 

 

 

 

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.

As Tasmania’s public training provider, TasTAFE has a critical role to play in the recovery from the COVID‑19 pandemic.

TasTAFE’s response to COVID‑19 has included the introduction of SKILL UP for your future, a range of low or no cost short courses and skill sets to boost people’s skills and improve their employability as the economy starts to recover. SKILL UP has proven to be extremely popular with job ready skills covered in areas such as health, business, ICT, and tourism and hospitality.


 

COVID‑19 Response and Recovery Measures

Energy, Trades and Water Centre of Excellence

TasTAFE is continuing to invest in contemporary facilities with an additional $7 million allocated in this Budget for the Energy, Trades and Water Centre of Excellence at Clarence. This will ensure students can learn with equipment that reflects modern workplaces, and will provide the additional benefit of a much needed boost for the construction industry and local economy.

Priority Industry Skills Funding ‑ More Teachers at TasTAFE

The 2020‑21 Budget includes an additional $2 million over two years to extend the Skilled Workforce to Meet Industry Demand initiative. This funding will provide an increase in specialist teaching staff to address high demand areas including aged care, electro technology, plumbing and nursing.

Public Building Maintenance Program

TasTAFE will receive funding of $2.3 million over two years from 2020‑21 as part of the Government’s Public Building Maintenance Program. Projects to be delivered will support critical maintenance on publically owned assets, including residence upgrades at Clarence and Alanvale sites.

Other Key Deliverables

IT Network Infrastructure Upgrades

Funding of $4 million is provided over two years for critical IT network infrastructure upgrades. This investment will help provide a solid platform for the continued delivery of online learning to complement TasTAFE’s on‑campus and in‑workplace delivery.

Skilled Workforce to Meet Industry Demand

The 2019‑20 Budget included $2.9 million over two years for this initiative. This funding is providing 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 27.2:       Statement of Comprehensive Income

 

2019‑20 

2020‑21 

2021‑22 

2022‑23 

2023‑24 

 

 

 

Forward 

Forward 

Forward 

 

Budget 

Budget 

Estimate 

Estimate 

Estimate 

 

$'000 

$'000 

$'000 

$'000 

$'000 

 

 

 

 

 

 

Revenue and other income

 

 

 

 

 

Grants1

92 344 

95 337 

91 807 

84 934 

87 725 

Sales of goods and services2

23 703 

18 368 

22 893 

24 881 

25 428 

Interest3

125 

47 

24 

.... 

.... 

Total revenue

116 172 

113 752 

114 724 

109 815 

113 153 

Net gain/(loss) on non‑financial assets4

.... 

.... 

7 500 

.... 

.... 

Total income

116 172 

113 752 

122 224 

109 815 

113 153 

 

 

 

 

 

 

Expenses

 

 

 

 

 

Employee benefits5

73 312 

81 829 

83 870 

84 805 

86 756 

Depreciation and amortisation

8 655 

8 410 

8 474 

7 866 

7 866 

Supplies and consumables5

30 754 

26 652 

29 165 

26 688 

27 222 

Total expenses

112 721 

116 891 

121 509 

119 359 

121 844 

 

 

 

 

 

 

Net result

3 451 

(3 139)

715 

(9 544)

(8 691)

 

 

 

 

 

 

Comprehensive result

3 451 

(3 139)

715 

(9 544)

(8 691)

 

 

 

 

 

 

Notes:

1.    The increase in Grants in 2020‑21 and 2021‑22 reflects funding for the Energy, Trades and Water Centre of Excellence, Agricultural Centre of Excellence, and Skilled Workforce to Meet Industry Demand initiatives.

2.    The decrease in Sales of goods and services reflects the impact of the COVID‑19 pandemic on both commercial short courses and international student revenue.

3.    The decrease in Interest income reflects lower cash balances and interest rates.

4.    The Net gain on non‑financial assets in 2021‑22 reflects anticipated proceeds from the sale of the Launceston City campus properties.

5.    The increase in Employee benefits in 2020‑21 reflects additional funding for the Skilled Workforce to Meet Industry Demand initiative and the transfer of facilities staff from the Department of Education to TasTAFE. Facilities staffing costs were previously recorded as Supplies and consumables.

 

 


6.     

Table 27.3:       Statement of Financial Position as at 30 June

 

2020 

2021 

2022 

2023 

2024 

 

 

 

Forward 

Forward 

Forward 

 

Budget 

Budget 

Estimate 

Estimate 

Estimate 

 

$'000 

$'000 

$'000 

$'000 

$'000 

 

 

 

 

 

 

Assets

 

 

 

 

 

Financial assets

 

 

 

 

 

Cash and deposits1

7 223 

11 874 

(3 403)

(5 192)

(6 863)

Receivables

5 064 

7 814 

7 746 

6 573 

6 135 

 

12 287 

19 688 

4 343 

1 381 

(728)

 

 

 

 

 

 

Non‑financial assets

 

 

 

 

 

Property, plant and equipment

170 991 

165 959 

177 300 

170 388 

163 476 

Heritage and cultural assets

26 

27 

27 

27 

27 

Intangibles2

1 719 

611 

.... 

.... 

.... 

 

172 736 

166 597 

177 327 

170 415 

163 503 

 

 

 

 

 

 

Total assets

185 023 

186 285 

181 670 

171 796 

162 775 

 

 

 

 

 

 

Liabilities

 

 

 

 

 

Payables

3 862 

2 368 

2 268 

2 168 

2 068 

Employee benefits3

16 280 

17 473 

17 243 

17 013 

16 783 

Other liabilities4

2 750 

7 500 

2 500 

2 500 

2 500 

Total liabilities

22 892 

27 341 

22 011 

21 681 

21 351 

 

 

 

 

 

 

Net assets (liabilities)

162 131 

158 944 

159 659 

150 115 

141 424 

 

 

 

 

 

 

Equity

 

 

 

 

 

Contributed capital

227 033 

227 033 

227 033 

227 033 

227 033 

Reserves

14 092 

18 452 

18 452 

18 452 

18 452 

Accumulated funds

(78 994)

(86 541)

(85 826)

(95 370)

(104 061)

Total equity

162 131 

158 944 

159 659 

150 115 

141 424 

 

 

 

 

 

 

Notes:

1.    Cash and deposits over the Forward Estimates reflects the impact of the COVID‑19 pandemic on both commercial short courses and international student revenue.

2.    The decrease in Intangibles in 2021 reflects the Student Management System being fully amortised.

3.    The increase in Employee benefits in 2021 is due to the transfer of facilities staff and the associated costs from the Department of Education to TasTAFE.

4.    The variation in Other liabilities reflects an advance from the Department of Education in 2021, and its repayment in 2022.

 


 

Table 27.4:       Statement of Cash Flows

 

2019‑20 

2020‑21 

2021‑22 

2022‑23 

2023‑24 

 

 

 

Forward 

Forward 

Forward 

 

Budget 

Budget 

Estimate 

Estimate 

Estimate 

 

$'000 

$'000 

$'000 

$'000 

$'000 

 

 

 

 

 

 

Cash flows from operating activities

 

 

 

 

 

Cash inflows

 

 

 

 

 

Grants1

92 344 

95 337 

91 807 

84 934 

87 725 

Sales of goods and services

24 278 

17 998 

23 893 

26 381 

25 928 

GST receipts

3 640 

4 728 

4 654 

2 953 

3 021 

Interest received

125 

47 

24 

.... 

.... 

Total cash inflows

120 387 

118 110 

120 378 

114 268 

116 674 

 

 

 

 

 

 

Cash outflows

 

 

 

 

 

Employee benefits2

(65 103)

(72 735)

(74 554)

(75 242)

(76 969)

Superannuation

(8 399)

(9 094)

(9 485)

(9 732)

(9 956)

GST payments

(3 568)

(4 874)

(4 798)

(2 895)

(2 948)

Supplies and consumables

(32 254)

(27 552)

(30 065)

(27 188)

(27 472)

Total cash outflows

(109 324)

(114 255)

(118 902)

(115 057)

(117 345)

 

 

 

 

 

 

Net cash from (used by) operating activities

11 063 

3 855 

1 476 

(789)

(671)

 

 

 

 

 

 

Cash flows from investing activities

 

 

 

 

 

Payments for acquisition of non‑financial assets

(14 145)

(15 492)

(19 253)

(1 000)

(1 000)

Proceeds from the disposal of non‑financial assets3

.... 

.... 

7 500 

.... 

.... 

Net cash from (used by) investing activities

(14 145)

(15 492)

(11 753)

(1 000)

(1 000)

 

 

 

 

 

 

Cash flows from financing activities

 

 

 

 

 

Net borrowings

.... 

.... 

(5 000)

.... 

.... 

Net cash from (used by) financing activities

.... 

.... 

(5 000)

.... 

.... 

 

 

 

 

 

 

Net increase (decrease) in cash and cash equivalents held

(3 082)

(11 637)

(15 277)

(1 789)

(1 671)

 

 

 

 

 

 

Cash and deposits at the beginning of the reporting period

10 305 

23 511 

11 874 

(3 403)

(5 192)

Cash and deposits at the end of the reporting period

7 223 

11 874 

(3 403)

(5 192)

(6 863)

 

 

 

 

 

 

Notes:

1.    The increase in Grants in 2020‑21 reflects funding for the Energy, Trades and Water Centre of Excellence, Agricultural Centre of Excellence, and Skilled Workforce to Meet Industry Demand initiatives.

2.    The increase in Employee benefits in 2020‑21 reflects additional funding for the Skilled Workforce to Meet Industry Demand initiative and the transfer of facilities staff from the Department of Education to TasTAFE in 2020‑21. Facilities staffing costs were previously recorded as Supplies and consumables.

3.    Proceeds from the disposal of non‑financial assets relates to the anticipated sale of Launceston City campus properties.