This publication details the financial operations of Australia's public vocational education and training (VET) system for 2007. The information presented covers revenues and expenses; assets, liabilities and equities; cash flows; and trends in total revenues and expenses. The scope of the financial data collection covers all transactions that affect the financial performance, financial position, and financing of the public VET system. The financial data collection focuses on vocational education and training administered or provided by the main training authority or training department within each state and territory, their public training providers and the Department of Education, Employment and Workplace Relations. A list of the organisations included within the data collection is provided in appendix 1. Also appended is a pro forma audit certificate. Public funding for training delivery paid to private providers by the Department of Education, Employment and Workplace Relations and state and territory training authorities or departments is also included in this collection. Highlights for 2007 include: (1) Operating revenues for the public VET system in 2007 were $5767.4 million, an increase in nominal terms of $466.7 million (8.8%) when compared with 2006; (2) Revenue from the Australian Government increased by $209.3 million (17.0%) from 2006; (3) Revenue from state and territory governments increased by $176.7 million (6.3%) from 2006; (4) Revenues from fee-for-service activities increased by $93.9 million (12.8%) from 2006; and (5) Total operating expenditures were $5978.2 million in 2007, an increase of $504.1 million (9.2%) when compared with 2006. (Contains 55 tables and 3 figures.)