Victorian Government Funding
Monarch Institute (RTO Toid: 22530) has Government Funding with the Department of Education and Training (Victoria) for 2017 for eligible Victorian students. Whether you are eligible or not, we offer competitive prices to everyone across Australia. Please see below, the government funded courses, fees, and the eligibility criteria:
Certificate IV Government Funded Qualifications
- FNS40215 Certificate IV in Bookkeeping
- FNS40615 Certificate IV in Accounting
- BSB42615 Certificate IV in New Small Business
Diploma Government Funded Qualifications
- FNS50615 Diploma of Financial Planning
- FNS50215 Diploma of Accounting
- BSB51915 Diploma of Leadership and Management
- TLI50415 Diploma of Logistics
Advanced Diploma Funded Qualifications
- FNS60215 Advanced Diploma of Accounting
- FNS60415 Advanced Diploma of Financial Planning
- BSB61015 Advanced Diploma of Leadership and Management
The funding is not a loan. Training is delivered with Victorian and Commonwealth Government Funding.
What is the cost of the Government funded course?
$375 – Certificate IV Qualification
$475 – Diploma Qualification
$575 – Advanced Diploma Qualification
$75 – Certificate IV Qualifications only (please refer to who is eligible for concession fees further below).
The student tuition fees as published are subject to change given individual circumstances at enrolment. Please refer to Monarch’s detailed Published Fee Schedule and Online Service Standards for more information on all student services and amenities. Please also refer to our Refund Policy, Online Service Standards, Complaints and Appeals Policy and our Student Information Guide by clicking here.
- You do not have to repay the Government as the funding is not a loan.
- Funding is available immediately.
Am I eligible for Government Funding?
You must meet all three criteria below:
Are you a citizen or permanent resident?
To be eligible you must be either:
- an Australian citizen
- an Australian permanent resident (PR) i.e. holder of a permanent visa
- a holder of a Special Category Visa (sub-class 444, New Zealand citizen)
Are you living in Victoria?
Are you upskilling?
That is, are you seeking to enrol in a nationally recognised qualification that is at a higher level than the highest qualification you have previously completed?
Case Study: Mary is an Australian citizen, lives in Victoria and has already completed a Certificate IV qualification from an Australian TAFE. Therefore, she is not eligible to study a Government subsidised Certificate IV qualification or lower, but she is eligible to study a Diploma or Advanced Diploma qualification. Note, for people under 20 years of age, this restriction does not apply. If Mary was under 20*, she would be eligible to study any Certificate, Diploma or Advanced Diploma course.
* Please note: Age is your age as at 1st January in the year in which you are starting the course.
CLICK HERE for Victorian Government Funding Eligibility Form
Quality Indicator Report
Please click here for the ASQA Quality Indicators report ending 2015 (latest data).
These indicators are based on a survey of 989 students with 74% of students responding.
How many Government subsidised courses can I commence in 2017?
An individual is eligible to commence a maximum of two government subsidised courses.
How many Government subsidised courses can I commence in my lifetime?
An individual is eligible to commence a maximum of two government subsidised courses at the same level within the AQF (for example two Diploma level qualifications) in their lifetime.
- If an individual is seeking to enrol in an apprenticeship (not traineeship), qualifications listed on approved pre apprenticeship and pathway qualifications will not be counted towards the course maximums
- Where an individual is enrolled in a course(s) that is scheduled to commence at a later date in that calendar year, this course(s) must be counted for the purpose of this clause when assessing eligibility.
- If you are eligible and choose to enroll under the Victorian Training Guarantee, this may impact your access to further government subsidised training.
Concessions on tuition fees for Government-subsidised training places are available for the following eligible students for Certificate 1 – IV courses;
- Commonwealth Health Care Card holders, and their dependant children and dependant spouses.
- Pensioner Concession Card holders, and their dependant children and dependant spouses
- Veteran’s Gold Card holders (but not their dependants).
- If you are an indigenous person*
Concessions are set at 20 per cent of Monarch Institute’s published standard enrolment fee for applicants that meet the Government-subsidised funding criteria.
*Please note, for indigenous students only, the concession rate applies to all course levels (Certificate 1 – Advanced Diploma).
Additional Notes on Eligibility
When assessing your highest prior qualifications completed, you must take following into account:
- Foundation courses (i.e. Certificates in ESL or General Education for Adults, VCAL Intermediate & Foundation – specific list applies) may be excluded from consideration when assessing your prior highest completed qualification level.
- VET courses completed as part of a VET in Schools Program (VETIS) during your secondary education may be excluded from consideration when assessing your prior highest completed qualification
- A Vocational Graduate Certificate or Vocational Graduate Diploma course is considered to be at a higher level than a Bachelor degree, when assessing your prior highest completed qualification
An individual is not eligible for government subsidised training if the individual is:
- A student enrolled in a school and seeking to enrol in accredited vocational education and training (VET) that has been arranged by, or in conjunction with, the school (excluding a School Based Apprentice/Trainee). Government schools are responsible for funding these opportunities for VET through their Student Resource Package (SRP) allocation, including targeted VET in Schools funding. Non-government schools make similar decisions for students on the basis of the resources available to them. This, of course, does not preclude an individual of school age accessing VET opportunities separate to and outside of their school education; or
- A prisoner within the meaning of the Corrections Act 1986 who is held at any one of the following custodial settings as outlines in the Service Agreement;
- A person who is detained under the Mental Health Act 1986; or the Crimes (Mental Impairment and Unfitness to be Tried) Act 1997 or the Sentencing Act 1991 at the Thomas Embling Hospital.
- A person who is detained (other than on weekend detention) under the Children, Youth and Families Act 2005 or the Sentencing Act 1991 or who is held on remand in one of the following youth justice facilities as outlined in the Service Agreement.
Tuition Fee Exemptions
Young People Transitioning from Care Initiative
If you are under the Young People Transitioning from Care initiative, you may be entitled to a tuition fee waiver at enrolment. You must present a ‘Young People Transitioning from Care’ referral from with your enrolment.
Young People on Community Based Order
If you are on a community based order (non custodial) you may be entitled to a tuition fee waiver at enrolment. You must present a letter confirming your status from the Youth Justice Unit of the Department of Human Services with your enrolment.
Students from the Judy Lazarus Transition Centre
If you are from the Judy Lazarus Transition Centre only, you may be entitled to a tuition fee waiver at enrolment. You must present a letter confirming your status from the management of the Judy Lazarus Transition Centre with your enrolment
If you are experiencing severe financial hardship, contact Monarch on 1300 738 955 to make an appointment with our course consultants to further discuss your tuition fee options.
Click here for more information about Victorian Skills Gateway.
Don’t hesitate to call one of Monarch’s friendly course consultants on 1300 738 955 if you have any questions.
Hear why people choose Monarch
- Hear what students say about Monarch courses
- Study online. Start anytime
- Hear from our students about their learning experience
- Discover why Online learning is fantastic
- Hear what it takes to be successful in the financial planning industry
- Experts explain career opportunities in Accounting & Bookkeeping
- Our students discuss why they chose a financial planning career
- Natalie explains how she started her Bookkeeping business
- Simon explains how the Diploma of Accounting works
- Chris explains his small business journey
- Fleur explains her success in building a furniture business
- Jay shares his experience starting an Online business from home
- David explains why Logistics is such a big industry