Financial category | VET Information Standard

Definition

Classifies data into broad financial categories related to training activities and the way they are funded.

Context

It is used to track how much money is being spent on subsidies for training, and where that money is going. This information can be utilised to ensure that subsidies are being used effectively and efficiently.

Guidelines

Financial category identifies instances where one or more, government agencies have provided subsidy funding for training providers as a contribution to the cost of provision of a subject or program of study. Financial data associated with the enrolment can be reported at the program or the subject level. Financial data can be reported at any lifecycle state of the enrolment.

Classification Name

Classification name	Description	Value
Subsidy - Commonwealth specific funding program	Subsidy - Commonwealth specific funding program	Cwth specific program
Subsidy - Commonwealth and state general purpose recurrent	Subsidy - Commonwealth and state general purpose recurrent	Cwth state gen recurrent
Subsidy - State/territory specific funding program	Subsidy - State/territory specific funding program	State/territory specific

Business Rules

Rule ID	Business rules	Corrective actions	Jurisdiction	Grouping
BRDG00018	Financial category is mandatory for a program when financial type is reported.	This rule will be triggered by the API validation service. The field is required. This information is required to be supplied by the SMS.	National	Program enrolment
BRDG00019	When a program's Financial category contains the word 'subsidy', then the student's international student type code must not be 'international offshore'.	A Financial category that includes 'subsidy' for a program enrolment record cannot have an international offshore student. Update the Financial category or correct the international student type.	National	Program enrolment
BRDG00020	A subject's Financial category is mandatory if financial type is reported.	This rule will be triggered by the API validation service. The field is required. This information is required to be supplied by the SMS.	National	Subject enrolment
BRDG00051	Transitional rule: a program enrolment cannot contain a populated Financial category. This is a transitional rule to facilitate the capture of non-funded/subsidised training into STARS for the first release.	Government-funded program enrolment activity is unable to be submitted to NCVER at this time. Submit this program enrolment to the relevant state training authority. Alternatively, correct the Financial category if the enrolment is not government-funded activity.	National	Program enrolment
BRDG00132	Transitional rule: a subject enrolment cannot contain a populated Financial category. This is a transitional rule to facilitate the capture of non-funded/subsidised training into STARS for the first release.	This subject enrolment record is showing as funded, but funded activity cannot be provided in the VET Information Standard at this time. Remove this record from your VET Information Standard submission and provide to your funding jurisdiction in AVETMISS format.	National	Subject enrolment
BRDQ00116	The most recent data submission has identified that the proportion of subject enrolment records by Financial category with the student status of 'commenced' or 'concluded' has changed more than expected when compared with the corresponding period 12 months ago.	The most recent data submission has identified that the proportion of subject enrolment records by Financial category for students who have 'commenced' or 'concluded' training has changed more than expected when compared with the same reporting period last year. Please contact NCVER Client Support to discuss.	National	Subject enrolment
BRDQ00160	The most recent data submission identified that the proportion of VET Information Standard subject enrolment records by Financial category with the student status of 'commenced' or 'concluded' has changed more than expected when compared with the proportion of equivalent AVETMISS subject enrolment records for the same period last year.	The most recent data submission has identified that the proportion of VET Information Standard subject enrolment records provided by Financial category for students who have 'commenced' or 'concluded' training has changed more than expected when compared with the proportion of AVETMISS subject enrolment records for the same period last year. Please contact NCVER Client Support to discuss.	National	Subject enrolment

Technical Information

Length	Type	Permitted value
	Alphanumeric	Not applicable