policy matters
National Monday Update Issue:
Federal Budget 2010-2011
On Tuesday 11 May, the Federal Government handed down its 2010-2011 Budget.
After numerous pre-budget announcements foreshadowed the major components of the budget, most Members will already be familiar with the centrepieces of the 2010-2011 Budget, which included substantial spending on health and medical initiatives but otherwise restrained spending, alongside tax and superannuation reforms.
The announcement of greatest significance to ACPET members was the Government’s commitment of $661 million to boost skills training in order to meet skills shortages across many industries.
ACPET has created a series Budget Fact Sheets to assist Members understand the initiatives targeted at our industry.
- Apprenticeship Kickstart Extension
- Critical Skills Investment Fund
- The National Entitlement to a Quality Training Place
- Expanded Community-based Service Development
- National Foundation Skills Outreach and Leadership Project
- National VET Regulator and the Standards Council
- Quality Skills Incentive
- Smarter Apprenticeships
- Transparency in the Vocational Education and Training (VET) system - My Skills
You can review the complete set of Budget papers at the following site:
Should you have any questions or comments, don’t hesitate to email Ben [dot] Vivekanandan [at] acpet [dot] edu [dot] au (Ben Vivekanandan )or telephone him on 03 9412 5912.