Skilled Capital Overview Targeting skills needs
Reducing barriers for students
Increased access to quality training
Increased completions Reduced red tape
Strengthened engagement with
industry
Fully contestable Limited demand driven
(Student decides)
Focus on quality Providers
Budget protections
Funded foundation skills training
Additional support to aid completions
Strong evidence base
Skilled Capital Structure
Skilled Capital Outcomes
Income Contingent Loans Expansion of VET FEE-HELP to ACT Government Funded Quals
Includes all Government Funded Diplomas and
Advanced Diplomas, including Skilled Capital Qualifications
Agreement with Commonwealth for Certificate IV Trial
Commences in 2015
Qualification Code Qualification Name
CHC40308 Certificate IV in Disability
CHC40108 Certificate IV in Aged Care
CHC40512 Certificate IV in Mental Health
CHC40708 Certificate IV in Community Services Work
HLT42512 Certificate IV in Allied Health Assistance
Certificate IV Trial Qualifications
Skilled Capital Applications 40 Applications received
33 Approved Skilled Capital Training Providers
0
5
10
15
20
25
30
12 August 2014 5 September 2014
Nu
mb
er o
f su
bm
issi
on
s
Skilled Capital Application Submission Dates
Skilled Capital Qualifications Qualification Name Subsidy
Approved Providers Qual Cap
Diploma of Early Childhood Education and Care $ 6,180 10 100
Diploma of Building and Construction (Building) $ 7,480 4 100
Diploma of Surveying $ 3,380 1 80
Diploma of Information Technology $ 2,340 2 60
Diploma of Software Development $ 2,960 2 60
Certificate IV in Mental Health $ 3,140 5 80
Certificate IV in Hairdressing $ 1,940 1 100
Certificate IV in School Age Education and Care $ 2,140 2 90
Certificate IV in Small Business Management $ 1,580 9 80
Certificate IV in Property Services (Real Estate) $ 2,300 - 80
Certificate IV in Aged Care $ 2,540 6 60
Certificate IV in Disability $ 2,380 7 60
Certificate IV in Youth Work $ 2,460 3 60
Certificate IV in Community Services Work $ 2,180 2 60
Certificate IV in Education Support $ 2,060 - 60
Certificate IV in Allied Health Assistance $ 2,040 - 60
Certificate III in Early Childhood Education and Care $ 4,680 11 240
Certificate III in Aged Care $ 4,460 11 100
Certificate III in Disability $ 3,240 10 100
Certificate III in Education Support $ 2,060 1 80
Certificate III in Home and Community Care $ 2,840 7 80
Certificate III in Horticulture $ 3,580 - 60
Certificate III in Community Services Work $ 1,700 5 60
Certificate III – Diploma
Skilled Capital Qualifications
Qualification Name Subsidy Approved Providers Qual Cap
Certificate II in Arboriculture $ 1,700 - 25
Certificate II in Parks and Gardens $ 2,020 1 25
Certificate II in Landscaping $ 1,900 - 25
Certificate II in Automotive Servicing Technology $ 2,040 2 25
Certificate II in Automotive Vocational Preparation $ 2,040 1 25
Certificate II in Automotive Body Repair Technology $ 2,040 1 25
Certificate II in Business $ 1,140 13 75
Certificate II in Community Services $ 1,260 6 75
Certificate II in Construction $ 1,900 2 75
Certificate II in Construction Pathways $ 1,180 2 50
Certificate II in Health Support Services $ 1,060 1 25
Certificate II in Information, Digital Media and Technology $ 1,640 5 75
Certificate II in Engineering $ 1,800 1 25
Certificate II in Public Safety (Firefighting Operations) $ 920 - 25
Certificate II in Public Safety (SES) $ 860 - 25
Certificate II in Hairdressing $ 1,460 1 25
Certificate II in Hospitality $ 1,700 5 50
Certificate II in Kitchen Operations $ 1,500 4 50
Certificate II in Data and Voice Communications $ 2,260 - 25
Certificate II
Indicators 51 Indicators
Indicators grouped into the following categories
• Staff to student ratio
• Duration in the ACT
• Level of engagement with industry
• Completion Rates
• Reliance upon Gov funding
• Strategies to support the learning needs of students’
• Contractual compliance and performance
• Financial performance
• Service quality and outcomes
• Stakeholder engagement
• Trainer and staff quality
Indicators include:
Groupings
Grouping Average number of agreements
ACT based Provider 1
Non ACT Based Provider 3
Groupings applied to specific indicators
Based on the RTO’s characteristics
Characteristics included: • Size of the RTO • Length of
registration • Head office location • Student cohort
• Focus of operations • Organisation type • Modes of delivery
Indicator: Holds a current funding agreement with another jurisdiction
Grouping: Head office location
Example
Benchmarking Indicator – Reliance on Government Funding
% o
f G
ove
rnm
ent
Fun
din
g
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
High benchmark
Initial benchmark
Weightings Each indicator was weighted based on its relevance to
quality VET and ACT Government priorities
The greater the relevance, the higher the assigned value
Weightings were established by the Directorate and external quality experts
Scoring RTO Name Rank 4 5 6 7 8 9 10 11 12 13 14
RTO1 1 0 4 6 3 0 1 3 3 3 3 2
RTO2 2 2 4 6 0 0 1 0 0 0 3 0
RTO3 3 2 4 6 6 2 1 3 3 3 3 2
RTO4 4 2 4 6 6 0 1 3 3 3 3 2
RTO5 5 2 0 6 6 0 1 0 3 3 3 2
RTO6 6 2 2 6 3 0 1 3 6 6 3 2
RTO7 7 0 0 6 6 0 1 3 3 3 6 2
RTO8 8 2 0 6 6 2 1 3 3 3 3 2
RTO9 24 2 2 6 3 1 1 0 0 0 3 2
RTO10 24 1 2 6 6 1 1 3 3 3 0 4
RTO11 27 2 0 3 0 0 1 0 0 0 6 4
RTO12 27 2 2 6 6 2 1 3 0 0 3 2
RTO13 27 2 0 6 3 0 1 0 0 0 3 2
RTO14 30 2 4 0 6 1 1 6 0 0 3 2
RTO15 30 0 2 6 3 1 1 0 3 3 3 2
RTO16 32 1 2 6 6 0 1 3 3 3 3 2
RTO17 32 2 0 6 6 1 1 3 3 3 3 2
RTO18 34 2 0 6 3 1 1 0 3 3 3 4
RTO19 34 0 0 6 6 0 1 0 3 3 3 2
For illustrative purposes = Minimum assessment threshold
ACT Funding Agreement Version 2.0
Similar application process and RTO Assessment Framework will apply to ACTFA Version 2.0
Approved Skilled Capital Providers may receive a streamlined application process
Further opportunity to apply for Skilled Capital
Key dates
28 November 2014 - Deadline to return RTO Declaration
28 November 2014 - Skilled Capital Mandatory Information Session
30 January 2015 - Qualification confirmation and fee publication
February 2015 - Enrolment commencement
10 March 2015 - Applications for ACTFA v2.0 open
12 June 2015 - RTOs notified of application outcomes
1 July 2015 – ACTFA v2.0 commences
Skilled Capital
ACTFA