ABOUT GOVERNMENT FUNDED TRAINING
Australian State, Territory, and Commonwealth Governments take an active role in the development of the Australian workforce. Governments invest in training to provide the Australian workforce with the skills needed to support a productive and prosperous economy. Each Government has its own funding initiatives and programs. Some programs are funded entirely by State or Territory Governments to provide the skills needed by the labour markets in their regions. Other programs, such as Traineeships and Apprenticeships, are collaboratively funded by both State or Territory and the Commonwealth Government.
State and Territory Governments assume the primary responsibility for education and training. Consequently the details of exactly what training is funded and how much funding is available is determined the respective State or Territory Government. These Governments also determine who will be funded and the circumstances in which they are funded. There is however an enormous amount of funding available and each year many millions of dollars are invested in training programs and initiatives.
The basic concept in funded training is that every person has a funded training entitlement. The best thing about this funding is that it not a loan and you do not have to pay it back. There are some catches though. The biggest one is that you only get one shot at this. There some exceptions like high priority skills or people groups, but generally speaking if you have completed a course in anything that was Certificate III or higher you will not be funded for another. This rule applies even if you paid for the course yourself with your own money. This means that it is super important to choose a course that will add value to your career or educational goals. If you are engaging in training or any kind you need to know if it is nationally recognized training at Certificate III or higher because if it is then you are about to use your training entitlement. If your educational or career goals require that you do a course that is not funded, such as a university degree which is funded by a load that you must pay back, then it may be worth first doing a funded course that will contribute toward those goals and give you credits. This will save you time and reduce your loan.