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This paper deals firstly with the concept, size and profile of the training market and its players, and with the competitive structure, conduct and performance of the market. The limited aim is to provide a broad outline of dimensions and patterns to contextualise policy discussion and to provide a concrete framework for analysis of the market. The paper goes on to examine the introduction of market based reforms in both the wider public sector and overseas markets for vocational education and training (VET) as a basis for assessing the role of market processes in Australian VET. A qualitative analysis is offered of the role of government in the area, and a framework is outlined for determining the appropriate scope for market processes in VET. The complete proceedings of this conference in one volume may be found at TD/TNC 53.04.