Commonwealth of Australia

 

 

Nation-building Funds Act 2008

 

Education Investment Fund (EIF) Evaluation Criteria No. 1 of 2011

 

 

We, Chris Evans, Minister for Tertiary Education, Skills, Jobs and Workplace Relations and Kim Carr, Minister for Innovation, Industry, Science and Research, hereby, pursuant to subsection 172(1) of the Nationbuilding Funds Act 2008 (the Act), formulate in this Instrument, the EIF Evaluation Criteria to be applied by the EIF Advisory Board in giving advice under paragraph 171(1)(a) or (b) of the Act.

 

 

 

 

 

Dated            22nd September     2011

 

 

 

Chris Evans     Kim Carr

 

Minister for Tertiary Education, Skills,    Minister for Innovation, Industry

Jobs and Workplace Relations   Science and Research

 

 

  1. Citation

 

This Instrument may be cited as the Education Investment Fund (EIF) Evaluation Criteria No. 1 of 2011.

 

 

2.             Authority

 

This Instrument is made under subsection 172(1) of the Nation-building Funds Act 2008.

 

 

3.             Date of Effect

 

This Instrument takes effect on the day after the day on which it is registered on the Federal Register of Legislative Instruments.

 

 

4.             Revocation

 

The Education Investment Fund (EIF) Evaluation Criteria No. 2 of 2009, dated 31 July 2009, is revoked.

 


 

5.             Transitional and Savings Arrangements

 

(1) The revocation of the Education Investment Fund (EIF) Evaluation Criteria No. 2 of 2009, dated 31 July 2009, does not affect the validity of a decision made under that instrument.

(2) A decision made under that instrument is taken to continue to have effect as if it were made under this Instrument.

(3) The EIF Evaluation Criteria No. 2 of 2009 continues to apply to the following matters:

(a) any matter that has been referred to the EIF Advisory Board pursuant to paragraph 171(1)(a) or (b) before the date of this instrument;

(b) any matter which may be referred to the EIF Advisory Board under the Structural Adjustment Fund, the Carbon Capture and Storage Flagships component of the Clean Energy Initiative, Round 3 and the $20 million in seed funding to be allocated for a multi-partner campus on the mid north coast of New South Wales application processes which have commenced prior to date of this instrument. 

(4) Decisions made by the EIF Advisory Board under subclause 5(3) have effect as if the decisions were made under this instrument.

 

 

ITEM 1

 

Revoke and substitute the EIF Evaluation criteria:

 

EDUCATION INVESTMENT FUND (EIF) EVALUATION CRITERIA NO. 1 OF 2011

 

 

Principle 1:

Address national infrastructure priorities

 

 

The Board must be satisfied that the project involves the creation or development of tertiary education infrastructure consistent with the Australian Government’s priorities for tertiary education and/or research.

 

The Board must also be satisfied that the organisation has given due consideration to issues of social inclusion.

 

In assessing this criterion, the Board may consider the extent to which the proposed infrastructure project will contribute to the following relevant priorities:

 

 

 

The Board must be satisfied that the intended outcomes of the infrastructure are clearly aligned with the strategic directions and aspirations of the organisation.

 

In assessing this criterion, the Board may consider the extent to which:
 

Principle 2:

Demonstrate high benefits and effective use of resources

 

 

The Board must be satisfied that the project will deliver the Australian Government’s objective of strategically enhancing the capacity of Australia’s tertiary education system.

 

In assessing the project’s impact on the capacity of the organisation, the Board may consider the relative degree to which the project will impact on:

 

 

In assessing the project’s impact on the capacity of the sector, the Board may consider the extent to which the project will:

 


Principle 3:

Efficiently address infrastructure needs

 

The Board must be satisfied that projects represent good value for money, have a clear public benefit, and will deliver improvements that are both significant and strategic.

 

In assessing this criterion, the Board may consider the extent to which a project will result in improvements consistent with the level of investment through:

 

 

The Board may also consider whether funding from the EIF is required in order for the creation or development of this infrastructure to proceed.

 

The Board must be satisfied that the project is a strategic and highly effective way of meeting the proposed outcomes and delivering long term, sustainable education and training solutions.

 

In assessing this criterion, the Board may consider the extent to which:

 

 

The Board must be satisfied with the nature and extent of any collaboration. Collaboration will be well-regarded where it is directly relevant to the project and where it clearly enhances the outcomes of the investment.

 

In assessing this criterion, the Board may consider the extent to which:

 

 

If no collaboration is proposed the Board may consider the extent to which:

 

 

 

The Board must be satisfied with the nature and extent of any co-investment. Coinvestment, both cash and in-kind, will be well-regarded where it is relevant and where it increases the efficiency and effectiveness of the investment. 

 

In assessing this criterion, the Board may consider the extent to which:

 

If no co-investment is proposed the Board may consider:

 

 

Principle 4:

Achieve established standards in implementation and management

 

 

The Board must be satisfied with the degree of readiness of the project.

In assessing this criterion, the Board may consider the extent to which:

 

The Board must be satisfied that the organisation has the capacity to integrate the facilities funded into their ongoing business operations. The ability to maintain and operate the facilities beyond the period of EIF funding must be evident.

 

In assessing this criterion, the Board may consider: