The Conversation published the following description on the 14th of October 2021:
“In Australia, the term microcredential describes different types of smaller bites of learning offered by universities, TAFEs and private education providers. The term is often used interchangeably with short courses…” 
The Australian Government’s Department of Education, Skills and Employment released the National Microcredentials Framework on the 22nd of April 2022. This document gives the following definition:
The framework defines microcredentials as a certification of assessed learning or competency, with a minimum volume of learning of one hour and less than an AQF award qualification, that is additional, alternate, complementary to or a component part of an AQF award qualification. 
From these sources, we can say that a microcredential is usually a short duration training program that includes assessment. Certification is issued to people who can demonstrate their attainment of the learning outcomes.
Who can provide a microcredential?
Microcredentials are unregulated, which differentiates them from other products delivered by higher education or vocational education and training sectors.  There are many providers of microcredentials.
There are ‘regulated providers’ of microcredentials:
- Universities and other higher education providers (regulated by TEQSA)
- Registered training organisations (regulated by ASQA).
There is a myriad of ‘unregulated providers’ of microcredentials:
- Providers of industry training (some are industry associations, others can be affiliated with an industry associations, and others may align their microcredentials to industry standards)
- Providers of community training
- Providers of commercial training.
Also, some ‘regulated providers’ are providing microcredentials that are ‘non-regulated microcredentials’. For example, a registered training organisation can provide a microcredential that is not a skill set, unit or units of competency from a Training Package. This leverages from the brand recognition of the provider and avoids requiring the microcredential to comply with the regulations for operating as a registered training organisation.
The following diagram provides a simplistic view of the range of microcredential providers.
The microcredentials ecosystem is disparate. The National Microcredentials Framework aims to bring some coherence to this ecosystem. 
Do you want to learn more about the National Microcredentials Framework? I am presenting a ‘How to implement the National Microcredentials Framework‘ training course. The following topics will be covered during the 2-hours of training:
- National Microcredentials Framework
- Unifying principles of microcredentials
- Volume of learning for microcredentials
- Learning outcomes and assessment methods
- Critical information requirements for microcredentials
- Essential quality assurance processes for microcredentials
- Five steps towards implementing microcredentials.
 https://www.dese.gov.au/higher-education-publications/resources/national-microcredentials-framework (page 3) accessed 6 April 2022
 https://www.dese.gov.au/higher-education-publications/resources/national-microcredentials-framework (page 12) accessed 6 April 2022
 https://www.dese.gov.au/higher-education-publications/resources/national-microcredentials-framework (page 2) accessed 6 April 2022
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