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On 28 August 2020, the Council on Federal Financial Relations (CFFR) established the new Federation Funding Agreements (FFAs) framework. Accordingly, under the Intergovernmental Agreement on Federal Financial Relations, payments to the States are now facilitated through schedules to the FFAs. This Agreement between the Commonwealth of Australia and the states and territories (New South Wales, Victoria, Queensland, Western Australia, South Australia, Tasmania, the Australian Capital Territory, and the Northern Territory) contribute to the delivery of specified initiatives in the Education and Skills sector. It consolidates and rationalises National Partnership Agreements, Project Agreements and Schedules under the National Partnership for Streamlined Agreements in the Education and Skills sector, into Schedules under this agreement. It also provides a framework for facilitating future funding initiatives in the Education and Skills sector.

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The annual report records the activities, operation, and achievements of the Australian Capital Territory (ACT) Department of Education and Training. The department provides: Government primary and high school education; registration of non government schools; vocational education and training (VET) services; registration of VET training organisations; special education services; and early interventions services for children under five years of age. The report details the operations and achievements during the year and provides financial statements. On 17 May 2011, the Department of Education and Training was renamed the Education and Training Directorate.

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