Train Funds Governance in Vocational Education and Training System in Australia

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Train Funds Governance in Vocational Education and Training System in

Australia

Abstract

The purpose of this review is to study the governance of train funds in the Vocational Education and Training (VET ) system in Australia . The evaluated information is gathered from peer reviewed scholarly journals and books that discuss the Australia 's Vet system . The VET system is efficiently established with the aim of providing technical ability or skills that can match the current market and economic conditions . This review critically analyses the

funding programs and the appropriation of funds to courses that will give the students the knowledge required to meet the industrial expectations . The review is based on the argument that the funding of the VET system is more focused on industrial level than educational level and this will compromise with the general educational requirements of the students at the future . However , it is a dilemma situation in which a rapid globalization effect requires a highly competitive labour force that can place Australia in a top position economically . The VET system is therefore based on competency training as opposed to the general education which the educational sector recommends . Should governance of funding be executed from the educational or industrial sector ? Which of the two has the maximum benefits for both the learner and the nation ? Further studies should be prospective in nature in order to establish how the governance of the VET 's train funds will benefit the people and the nation in future...