VET finance

NCVER Collection

About the National VET Finance Collection

This collection provides financial information about Australia’s public VET system. It focuses on:

  • revenues, expenditures and VET student loans
  • trends in operating revenue and operating expenditure
  • operating expenditure by business activities
  • assets and liabilities.

Information collected includes VET activity administered by the main training authority within each state and territory, and their training providers, as well as activity administered by the Australian Government Department of Education and Training. It also includes government funding for training delivery paid to non-government training providers by the Australian Government and state and territory training authorities.

NCVER receive the information in an agreed format and review for consistency, using prescribed scope and data definitions. Key elements of the data are also audited by a registered external auditor to validate the accuracy of the data and compliance with reporting requirements.

The collection consists of general-purpose financial statements comprising of a statement of comprehensive income, statement of financial position, statement of cash flows, statement of changes in equity, and notes to financial statements, which detail the line items in the individual statements. NCVER, with the endorsement of the states and territories, extracts and publishes additional tables and charts of some specific financial categories from this information.

For collection timings and more information see our VET statistics explained page.

Snapshot

The complete infographic is available here

Infographic image

Data products

Please select the appropriate tool depending on whether you are a general or regular user.

General users

Have a basic understanding of data.

Financial information annual publication

Supporting documentation is available from the Publication page.

Regular users

Can understand tables and manipulate data.

Financial statement data tables

More information

Further research on VET finance - VOCEDplus Pod Network

Superseded publications

Superseded publications from this collection may be accessed through the VOCEDplus database.