Summary

Tertiary education is a key strategic investment in the country's cultural, social and economic well-being and future. Tertiary education is associated with improved economic and social outcomes. More than 630,000 New Zealanders participated in tertiary study in 2008, including industry training. The government spends over $4 billion a year on tertiary education, including research funding and financial support for students.

The Minister for Tertiary Education is required under the Education Act to issue a tertiary education strategy setting out the government's long-term strategic direction for tertiary education, as well as its current and medium-term priorities. The Act requires the Tertiary Education Commission, the New Zealand Qualifications Authority and Career Services to have regard for the strategy in exercising their functions. In practice, the strategy sets out the framework for funding agreements with tertiary education organisations and provides a reference point for policy-making and relationships with the tertiary education sector.