National Skills Agreement to support more training courses
The Northern Territory and Australian Governments have signed a landmark Skills Agreement for the Northern Territory.
Starting from January next year, the five-year National Skills Agreement (NSA) was developed and agreed to by National Cabinet, and replaces the National Agreement for Skills and Workforce Development (NASWD).
The National Skills Agreement will provide up to $155 million over five years for the Territory skills and training sector. This is around $80 million more than the current NASWD Special Purpose Payments.
The Agreement includes a range of reforms which expand the Territory’s support to further develop our regional and remote communities, and ensure we have the workforce we need.
The NSA will assist in addressing workforce shortages over the longer term in the NT by providing local training opportunities and support the achievement of a $40 billion economy by 2030.
The NT has historically been a major contributor to VET, currently contributing 82% of funding to the sector, well above the national average of 60%.
The NT has the highest levels of student and employer satisfaction including a satisfaction rate of 90% for all government funded VET graduates, 95% for Aboriginal and Torres Strait Islander graduates and 84% for NT employers.
