Eastern Institute of Technology Limited (EIT) is one on New Zealand’s leading tertiary education providers, serving the regions of Hawke’s Bay and Tairāwhiti from foundation level through to Masters degrees. EIT also has wide international relationships, but is domiciled in New Zealand, with the Office of the Chief Executive located at the Hawke’s Bay Campus, at 501 Gloucester Street, Taradale, Napier. There is another campus at 290 Palmerston Road, Gisborne and an international campus in Auckland, with learning centres and other provision across Hawke’s Bay and Tairāwhiti regions and communities, together with online learning options.
Eastern Institute of Technology, formerly a Tertiary Education Institute (TEI) and a Crown Entity, became Eastern Institute of Technology Limited, a subsidiary company of the New Zealand Institute of Skills and Technology (NZIST) on 1 April 2020, when NZIST was created by the government as a new Crown Entity (government owned) TEI to bring together vocation education provision across New Zealand under the Reform of Vocational Education. EIT is governed by a board of six directors appointed by NZIST. The Chief Executive is Chris Collins.
Under the Education (Vocational Education and Training Reform) Amendment Act 2020 changes on 1 April 2020, all rights, assets and liabilities of Eastern Institute of Technology transferred to the new subsidiary company, Eastern Institute of Technology Limited. This means contracts with the old EIT continue with the new subsidiary company, however, business suppliers and customers and other stakeholders should update their records accordingly. While we retain the same bank accounts and GST number, we have a new NZBN number and now have a company number at the Companies Office. We retain the names Eastern Institute of Technology and EIT as trading names.
The primary objective of EIT is to deliver tertiary education services for the benefit of the community, rather than to make a financial return. Accordingly EIT has designated itself and its subsidiaries as Public Benefit Entities for the purposes of Generally Accepted Accounting Principles (GAAP). Similarly, EIT, like NZIST and other TEIs is not subject to income tax, because as a provider of education it is treated by IRD as a charitable organisation.
EIT produces an annual report each year, which is tabled in Parliament. This contains information about the activities and operations of EIT, with an audit report from Audit NZ on the Statement of Service Performance and the Financial Statements. The latest annual report can be found here.
EIT is a Category One quality educational provider, the highest level rating by the New Zealand Qualification Authority (NZQA). EIT, like other government owned tertiary education providers, is also subject to oversight by its funder, the Tertiary Education Commission (TEC).
Eastern Institute of Technology Limited
Company number: 7925938
501 Gloucester Street, Taradale, Napier, 4112
Postal: Private Bag 1201, Hawke’s Bay Mail Centre, Napier 4142
Phone 0800 22 55 348