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Source: Tertiary Education Commission

The targeted areas for July 2020 are the initial target areas, and will be reviewed to inform settings for 2021.  
The focus of TTAF is unlikely to change significantly. However, by drawing on updated labour market information, involving industry groups, and considering TEO suggestions, we can ensure the funding is targeting the right skills needs. Changes to the target areas for 2021 will be subject to approval by the Employment, Education, and Training Ministers. 
The TEC will provide further advice on the process for TEOs providing suggestions for 2021, and the evidence that will be required as part of this process, shortly. 
For more information on changes to the target areas please see the following FAQ: 

MIL OSI