Source: Tertiary Education Commission
Last updated 6 July 2023
Last updated 6 July 2023
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Funding for Search and Rescue Adult and Community Education (ACE) provision is allocated for a specific number of hours of training.
Funding for Search and Rescue Adult and Community Education (ACE) provision is allocated for a specific number of hours of training.
Funding
The Minister responsible for tertiary education issues the Search and Rescue (ACE) Fund funding mechanism. The funding mechanism outlines the general form and essential components of the fund. It gives us the mandate to allocate the funding, tells us what the funding can be used for, and details how we administer the fund.
The Ministry of Transport receives funding from the Search and Rescue (ACE) Fund and must:
Funding rate
Funding for Search and Rescue (ACE) is set through the Government’s annual budget process. It is agreed via the Memorandum of Understanding.
The TEC determines the amount of Search and Rescue (ACE) funding for a Community Education Provider.
Payments
Search and Rescue (ACE) funding is paid in equal monthly instalments on the first banking day of each month.
Funding wash-ups
For the 2022 methodology and technical specifications for calculating funding wash-ups, see Calculating the 2022 wash-up (PDF 1.1 MB).
