Download a PDF copy of Appendix D: Acronyms and glossary.

Download a PDF copy of Appendix C: Our audit approach.

TAFEs’ internal controls are adequate for them to prepare reliable financial reports and performance statements. The overall internal control environment at TAFEs is improving, but they need to resolve their information technology (IT) issues found in past years. These issues, if not resolved, could prevent TAFEs from preparing reliable financial reports or protecting their sensitive data.

The sector’s reported net surplus was underpinned by capital grants received to fund campus redevelopment. Without these grants, the sector would have had a net deficit from their operations, which has been a consistent trend for the last 5 years. 

Although course enrolments have improved compared to 2022, TAFEs have yet to recover to pre–COVID-19 levels. Fee-for-service revenue increased for most TAFEs compared to 2022, outpacing contestable government funding.

We provided clear audit opinions on financial reports and performance statements across the Technical and Further Education (TAFE) sector. Parliament and the community can confidently use these reports.

Financial reports and performance statements are reliable