Academic Quality Agency for New Zealand Universities (AQA): An independent body established and owned by Universities New Zealand (formerly the New Zealand Vice-Chancellors’ Committee); reviews academic quality monitoring systems and advises on good practice and quality-assurance issues; until 31 December 2012, this was known as the New Zealand Universities Academic Audit Unit (NZUAAU)

Centres of Research Excellence (CoREs): Primarily, but not exclusively, inter-institutional networks of researchers working together on a commonly agreed work programme; each hosted by a university and generally comprising a number of partner organisations, including other universities, Crown Research Institutes and wānanga

Education Act 1989: The Act, and its subsequent amendments, that reformed the administration of education in New Zealand

Educational performance indicators (EPIs): The key measures that the Tertiary Education Commission uses to assess the annual contribution each tertiary organisation makes towards the priorities set out in the Tertiary Education Strategy 2014–19. More information on the EPIs and how they are calculated can be found on the TEC website

Equivalent full-time students (EFTS): The main unit of measure of the consumption of education (with one student enrolled in a standard programme of study full-time for the full year equating to 1.0 EFTS); also the basic unit of measure of tertiary teaching input for Student Achievement Component funding

External evaluation and review (EER): The New Zealand Qualifications Authority’s periodic process that independently reviews the educational performance and self-assessment capabilities of institutes of technology and polytechnics, wānanga and private training establishments; focuses on the valued outcomes of tertiary education instead of a traditional audit approach that measures inputs and processes

Financial performance: A standard set of measures and summary information comparing performance in a consistent manner for each tertiary education institution. Information is sourced primarily from TEI annual reports and supplemented by financial monitoring templates provided to the TEC where data is not reported by a TEI or where TEIs do not have a consistent definition of a particular financial item across the sector. More information is available on the TEC website

Funding categories: There are various TEC-administered funds across a number of appropriations; they are summarised for simplicity in four categories:

Capability: Funding contributes to capability across the sector or enhances the capability of a specific tertiary education organisation; for example:

Research: Funding contributes to research:

Scholarships and Learners: Funding comprises tertiary scholarships paid directly to, or for the benefit of, specific students and learners; for example:

Teaching and Learning: Funding specifically contributes to the provision of education and connected funding streams; for example:

Investment Plan: The funding agreement between each tertiary education organisation and the TEC covering the organisation’s operational and capital spending; outlines each organisation’s mix of education and training, as well as performance standards and outcomes; links each organisation’s education provision and performance to the desired outcomes of the Government, learners, businesses and communities; ‘overdelivery’ (enrolment of more than 103% of the agreed level of funded EFTS) prompts engagement with the TEC to reach a satisfactory reduction in delivery; ‘underdelivery’ (enrolment of less than 97% of the agreed level of funded EFTS) may require the return of unused funding

Māori and Pasifika Trades Training (MPTT) provides fees-free tertiary places for Māori and Pasifika learners to enable them to acquire the skills and attributes to take up a New Zealand Apprenticeship at Level 4 or higher on the New Zealand Qualifications Framework. The MPTT initiative aims to enable more Māori and Pasifika young people to complete foundation education and move into employment and further training

Ministry of Education: The Government’s lead advisor on the New Zealand education system

Modern Apprenticeships: A work-based education initiative for young people, available in 36 industries, that leads to a nationally recognised qualification

New Zealand Apprenticeships provide an entry point into an occupation, setting a person up for a career in an industry. This includes meeting any regulatory requirements for entry, and contains a strong theoretical component to support further learning as well as a practical element

New Zealand Qualifications Authority (NZQA): The Crown entity charged with ensuring New Zealand qualifications are robust and credible nationally and internationally

New Zealand Qualifications Framework (NZQF): The comprehensive list of all quality-assured qualifications in New Zealand, ranked from least complex (Level 1) to most complex (Level 10); established in July 2010

New Zealand Standard Classification of Education (NZSCED): The subject-based classification system for courses and qualifications at universities, institutes of technology and polytechnics, wānanga and private training establishments

New Zealand Universities Academic Audit Unit (NZUAAU): See Academic Quality Agency for New Zealand Universities

Performance-Based Research Fund (PBRF): The TEC-administered fund to encourage and reward excellent research in the tertiary education sector; entails assessing the research performance of tertiary education organisations and then funding them accordingly; based on the three elements of quality evaluation, research degree completions and external research income

Performance-linked funding: The system introduced in 2010 to encourage all tertiary education organisations to reach an acceptable standard of educational performance; from 2012 it links 5 percent of providers’ funding to their performance in educational performance indicators in the previous year

Provider-based delivery: Tertiary education that occurs on-campus rather than in the workplace

Single Data Return (SDR): A set of data required by the Ministry of Education and the TEC for funding, monitoring performance against Investment Plans and publishing performance information, as well as statistical reporting purposes; required of all tertiary education organisations that receive Student Achievement Component funding or have students with student loans or allowances

Standard Training Measure (STM): The main unit of measurement of the consumption of training (with one STM equalling the amount of training required to achieve 120 register credits or equivalent in an approved structured training programme); also the basic unit of measurement of input for industry training funding

Student Achievement Component (SAC): The Government’s contribution to the direct costs of teaching, learning and other costs driven by student numbers within approved Investment Plans; the largest funding pool supporting the delivery of tertiary education

Tertiary education institutions (TEIs): Public institutions (Crown entities) that receive public funding to deliver tertiary education in accordance with their specific roles, as defined in the Education Act 1989, comprising New Zealand’s eight universities, 18 institutes of technology and polytechnics and three wānanga

Tertiary education organisations (TEOs): Bodies that provide tertiary education-related services, comprising universities, institutes of technology and polytechnics, wānanga, private training establishments, industry training organisations and other TEC-funded organisations, such as schools and community providers that deliver tertiary education and training.

Tertiary Education Strategy (TES) 2014–19: The Government’s high-level set of strategic priorities and associated strategies for tertiary education, as required by legislation

Youth Guarantee (YG): An initiative announced in Budget 2009 that focuses on improving the educational achievements of 16- to 19-year-olds by enabling them to participate in a range of vocational courses free of charge