425 TEC may fund tertiary education programmes and activities

(1)

TEC must assess whether a proposed plan is to receive funding approval by applying the assessment criteria prescribed under section 424.

(2)

After applying the assessment criteria, TEC may decide to—

(a)

fund (in whole or in part) all or some of the tertiary education programmes and activities described in the proposed plan under clause 4(d)(i) and (ii) of Schedule 18 in relation to which funding is sought; or

(b)

not fund any of the tertiary education programmes or activities described in the proposed plan under clause 4(d)(i) and (ii) of Schedule 18 in relation to which funding is sought.

(3)

Before deciding not to fund some or any, or part of some or any, of the tertiary education programmes or activities, TEC must—

(a)

notify the organisation of its proposed decision; and

(b)

give the organisation a reasonable opportunity to be heard.

(4)

TEC must give its reasons to the affected organisation if it decides not to fund some or any, or part of some or any, of the tertiary education programmes or activities.

(5)

In deciding to give funding approval, TEC must—

(a)

specify the date from which that funding approval has effect; and

(b)

determine the amount of funding payable to the organisation by applying the appropriate funding mechanism; and

(c)

arrange for the payment to the organisation of the amount of funding determined under paragraph (b).

Compare: 1989 No 80 s 159YA