The Northern Territory Government has provided a one-off funding contribution of $7 million to Charles Darwin University, following an independent review of the university’s delivery of Vocational Education and Training (VET).
The CDU 2018 annual report, tabled in NT Parliament, confirmed the education provider recorded a $21 million deficit in 2018.
The university commissioned professional services firm EY to undertake a review of its VET delivery earlier in 2019.
The report made seven recommendations CDU should implement over a three year period to improve its fiscal position.
One of those recommendations was that the university ask the NT Government to financially support the actions it needs to take to address the deficit.
The $7 million one-off funding contribution from the Northern Territory Government for VET delivery comes in addition to the $65 million in ongoing annual funding the government provides to CDU, predominantly for the delivery of VET courses.
Source: NT Government