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 with the Australian Skills Quality Authority, its role is to enable Tasmanians to gain skills and qualifications needed for the Stateís workforce and to support the community to succeed and prosper.

TasTAFE is the largest public vocational education and training provider in Tasmania, providing the majority of vocational training for Tasmanian businesses. TasTAFE 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, is informed by the Ministerís annual policy expectations and covers the major vocational occupations represented in the Tasmanian economy including trades, health and community services, and tourism and hospitality.

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 remotely.

The Government will introduce legislation in the 2021 Spring Session of Parliament to establish TasTAFE as a new not for profit government business that provides vocational education and training that benefits the Tasmanian economy, builds the productivity of the Tasmanian workforce and provides effective pathways for students into work.

The TasTAFE Board is accountable to the Minister for Skills, Training and Workforce Growth, Hon Sarah Courtney MP.

This chapter provides financial information for TasTAFE for 2021‑22 and over the Forward Estimates (2022‑23 to 2024‑25). 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 being undertaken by the Authority.

Table 27.1:†††††† Key Deliverables Statement

 

2021‑22

 

Budget

2022‑23

Forward

Estimate

2023‑24

Forward

Estimate

2024‑25

Forward

Estimate

 

$'000

$'000

$'000

$'000

Election Commitments

 

 

 

 

100 Extra TasTAFE Teachers

3 800

7 500

11 300

15 000

Regional TAFE Virtual campus

2 000

8 000

....

....

Skill Up!

500

500

500

500

TasTAFE and Libraries Tasmania

2 000

2 000

....

....

TasTAFE Facility Upgrades and Transition Fund

11 250

11 250

11 250

11 250

 

 

 

 

 

Election Commitments

100 Extra TasTAFE Teachers

This initiative will deliver 100 additional TasTAFE teachers statewide over four years to help ensure young Tasmanians can be trained to meet the needs of industry and business.

Regional TAFE Virtual campus

This initiative will deliver the TasTAFE Virtual Campus, a hybrid learning model that provides a blend of remotely facilitated training, practical, on‑campus experiences and 24‑hour access to digital content and learning activities.

Skill Up!

This initiative will expand the Skill Up! Program. The Program provides fee free short courses to assist Tasmanians to boost their job ready skills, and to prepare students to undertake further study in pre‑vocational or apprenticeship level courses.

TasTAFE and Libraries Tasmania

TasTAFE is working with Libraries Tasmania to increase access to TAFE courses for rural and remote students. This initiative will identify suitable Libraries Tasmania sites across the State to house a virtual TasTAFE campus presence, to allow students to access online learning, and also participate in TasTAFE classroom activities remotely.

TasTAFE Facility Upgrades and Transition Fund

This initiative will deliver a range of improvements to TasTAFE across the State including new student accommodation in Burnie and Clarence, major upgrades to campuses at Alanvale, Burnie and Devonport, and equipment upgrades to ensure students are learning on contemporary equipment.

This initiative also includes the creation of a Regional TAFE Facilities Development and Transition Fund to invest in additional upgrades to increase access for regional and rural students and to support the transition to the new TasTAFE model.


Detailed Budget Statements

Table 27.2:†††††† Statement of Comprehensive Income

 

2020‑21 

2021‑22 

2022‑23 

2023‑24 

2024‑25 

 

 

 

Forward 

Forward 

Forward 

 

Budget 

Budget 

Estimate 

Estimate 

Estimate 

 

$'000 

$'000 

$'000 

$'000 

$'000 

 

 

 

 

 

 

Revenue and other income

 

 

 

 

 

Grants1

95 337 

113 357 

114 184 

110 775 

116 668 

Sales of goods and services

18 368 

24 750 

27 570 

28 201 

28 810 

Interest2

47 

66 

29 

Total revenue

113 752 

138 173 

141 783 

138 983 

145 487 

Total income

113 752 

138 173 

141 783 

138 983 

145 487 

 

 

 

 

 

 

Expenses

 

 

 

 

 

Employee benefits3

81 829 

88 259 

89 899 

97 118 

102 792 

Depreciation and amortisation

8 410 

9 767 

9 356 

9 356 

9 356 

Supplies and consumables4

26 652 

36 050 

40 182 

30 776 

31 381 

Total expenses

116 891 

134 076 

139 437 

137 250 

143 529 

 

 

 

 

 

 

Net result

(3 139)

4 097 

2 346 

1 733 

1 958 

 

 

 

 

 

 

Comprehensive result

(3 139)

4 097 

2 346 

1 733 

1 958 

 

 

 

 

 

 

Notes:

1.    The increase in Grants in 2021‑22 and over the Forward Estimates reflects funding for 2021 election commitments.

2.    The variation in Interest reflects lower cash balances.

3.    The increase in Employee benefits reflects additional expenditure for the 100 Extra TasTAFE Teachers election commitment.

4.    The decrease in Supplies and consumables in 2023-24 reflects the completion of the Regional TAFE Virtual Campus and TasTAFE and Libraries Tasmania initiatives.

 


 

Table 27.3:†††††† Statement of Financial Position as at 30 June

 

2021 

2022 

2023 

2024 

2025 

 

 

 

Forward 

Forward 

Forward 

 

Budget 

Budget 

Estimate 

Estimate 

Estimate 

 

$'000 

$'000 

$'000 

$'000 

$'000 

 

 

 

 

 

 

Assets

 

 

 

 

 

Financial assets

 

 

 

 

 

Cash and deposits1

11 874 

9 715 

2 272 

3 115 

4 243 

Receivables

7 814 

5 765 

4 765 

4 265 

4 015 

Other financial assets2

.... 

1 852 

1 774 

1 695 

1 614 

 

19 688 

17 332 

8 811 

9 075 

9 872 

 

 

 

 

 

 

Non‑financial assets

 

 

 

 

 

Property, plant and equipment3

165 959 

170 823 

180 716 

182 609 

184 503 

Heritage and cultural assets

27 

21 

21 

21 

21 

Intangibles4

611 

.... 

.... 

.... 

.... 

 

166 597 

170 844 

180 737 

182 630 

184 524 

 

 

 

 

 

 

Total assets

186 285 

188 176 

189 548 

191 705 

194 396 

 

 

 

 

 

 

Liabilities

 

 

 

 

 

Payables

2 368 

1 468 

1 368 

1 218 

1 468 

Employee benefits

17 473 

17 924 

16 800 

17 174 

17 557 

Other liabilities5

7 500 

2 749 

2 999 

3 199 

3 299 

Total liabilities

27 341 

22 141 

21 167 

21 591 

22 324 

 

 

 

 

 

 

Net assets (liabilities)

158 944 

166 035 

168 381 

170 114 

172 072 

 

 

 

 

 

 

Equity

 

 

 

 

 

Contributed capital

227 033 

224 589 

224 589 

224 589 

224 589 

Reserves

18 452 

23 732 

23 732 

23 732 

23 732 

Accumulated funds

(86 541)

(82 286)

(79 940)

(78 207)

(76 249)

Total equity

158 944 

166 035 

168 381 

170 114 

172 072 

 

 

 

 

 

 

Notes:

1.    The decrease in Cash and deposits in 2023 reflects the timing of asset purchases.

2.    The variation in Other financial assets relates to revenue earned but not yet received and for prepayments on IT software and maintenance contracts not previously separately budgeted.

3.    The variation in Property, plant and equipment reflects additional investment as part of the TasTAFE Facility Upgrades and Transition Fund election commitment and the anticipated sale of Launceston City campus properties.

4.    The decrease in Intangibles in 2022 reflects the Student Management System being fully amortised.

5.    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

 

2020‑21 

2021‑22 

2022‑23 

2023‑24 

2024‑25 

 

 

 

Forward 

Forward 

Forward 

 

Budget 

Budget 

Estimate 

Estimate 

Estimate 

 

$'000 

$'000 

$'000 

$'000 

$'000 

 

 

 

 

 

 

Cash flows from operating activities

 

 

 

 

 

Cash inflows

 

 

 

 

 

Grants

95 337 

113 357 

114 184 

110 775 

116 668 

Sales of goods and services

17 998 

22 650 

25 470 

25 601 

25 960 

GST receipts

4 728 

4 801 

3 994 

3 252 

3 314 

Interest received

47 

66 

29 

Total cash inflows

118 110 

140 874 

143 677 

139 635 

145 951 

 

 

 

 

 

 

Cash outflows

 

 

 

 

 

Employee benefits

(72 735)

(77 623)

(80 765)

(86 250)

(91 675)

Superannuation

(9 094)

(10 335)

(10 257)

(10 493)

(10 734)

GST payments

(4 874)

(4 950)

(3 916)

(3 173)

(3 233)

Supplies and consumables

(27 552)

(33 600)

(36 932)

(27 626)

(27 931)

Total cash outflows

(114 255)

(126 508)

(131 870)

(127 542)

(133 573)

 

 

 

 

 

 

Net cash from (used by) operating activities

3 855 

14 366 

11 807 

12 093 

12 378 

 

 

 

 

 

 

Cash flows from investing activities

 

 

 

 

 

Payments for acquisition of non‑financial assets

(15 492)

(29 110)

(19 250)

(11 250)

(11 250)

Proceeds from the disposal of non‑financial assets1

.... 

7 500 

.... 

.... 

.... 

Net cash from (used by) investing activities

(15 492)

(21 610)

(19 250)

(11 250)

(11 250)

 

 

 

 

 

 

Cash flows from financing activities

 

 

 

 

 

Net borrowings2

.... 

(5 000)

.... 

.... 

.... 

Net cash from (used by) financing activities

.... 

(5 000)

.... 

.... 

.... 

 

 

 

 

 

 

Net increase (decrease) in cash and cash equivalents held

(11 637)

(12 244)

(7 443)

843 

1 128 

 

 

 

 

 

 

Cash and deposits at the beginning of the reporting period

23 511 

21 959 

9 715 

2 272 

3 115 

Cash and deposits at the end of the reporting period

11 874 

9 715 

2 272 

3 115 

4 243 

 

 

 

 

 

 

Notes:

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

2.    The variation in Net borrowings reflects the repayment of an advance to the Department of Education.