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.
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.
|
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.
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.
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.
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.
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.
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.
|
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.
|
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.
|
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.