The proposal would consist of the following 3 components.

Component 1 would provide a $10,000 per year bursary to high-achieving students who undertake either an undergraduate or post-graduate teaching education qualification. The bursary would be tax-free and would not count as assessable income for the purposes of other Australian Government payments.

• Each bursary would be available for a maximum of 4 years for undergraduate students and 2 years for post-graduate students. Each recipient would also need to meet ongoing academic requirements to remain eligible. The split between undergraduate and post-graduate places would be in line with current enrolments. A loading of 20% would apply to students who undertake their teaching placement in a remote area of Australia in the year they undertake their placement.
• The proposal would begin on 1 February 2023 and would fund 5,000 places with 1,000 places commencing per year over 5 years starting in 2023.

Component 2 would provide a boost to the High Achieving Teachers Program and support up to 1,500 high achieving professionals – including mathematicians and scientists – to retrain as teachers by paying them a part-time salary as teachers’ aides and getting them into fast-tracked masters programs. The funding profile would be as shown below.

• This would include 700 new Teach for Australia teachers and 60 new teachers through LaTrobe’s Nexus Program.

Component 3 would respond to the Quality Initial Teacher Education Review, including by expanding Quality Teaching Rounds and developing new micro-credentials of classroom management and phonics. The funding profile would be as shown below.