Data for the Y95 cohort (first interviewed in 1995 when in Year 9) of the Longitudinal Surveys of Australian Youth were used to analyze the vocational education and training (VET) activities and experiences of Australian noncompleters of year 12 in their initial postschool years. Approximately 37% of the noncompleters had undertaken some type of VET study in their initial postschool years. Participation was higher among females and those from Catholic schools and was lower among those who were of lower socioeconomic status or from an area with high unemployment. Noncompleters successfully completed nearly 60% of modules undertaken, failed to complete 29% successfully, and withdrew from 11%. Failure rates were in diploma-level courses. Pass rates were highest in trade-related and similar courses. Characteristics associated with low failure rates were as follows: having performed well while still in school; being from a higher socioeconomic background; and being from an English-speaking background. The analysis results suggested that noncompleters study a range of courses within the VET sector and that it is important for VET to remain flexible and continue to provide diversity in the range of courses available to young Australians who do not complete year 12 of secondary school. A glossary and nine additional tables are appended. (Contains 22 tables and 12 references.) (MN)