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In this paper the discussion focuses on an industry-led system and a training market. Ownership of decision making now belongs to one stakeholder because reforms in the vocational education and training (VET) sector have been driven by narrow economic imperatives, and throughout the 1990s governments of all persuasions saw reform in VET as a strategy to improve the competitiveness of industry and the economy. There is now a business/employer led VET sector focused on short-term goals with an exaggerated emphasis on entry-level training and meeting the training needs of individual enterprises. There is no balance between the various, often-competing interest groups in VET. The complete proceedings of this conference in one volume may be found at TD/TNC 53.04.