This report develops and applies a methodology to analyse the flow of students through TAFE courses based on national VET data collected for the period 1994 to 1996. While it is important to note that not all those who enrol in a course intend to complete it or may recommence their studies later, it was found that most students leave with a positive outcome. There is also very little difference in outcomes based on gender. Success rates vary substantially by both stream and field of study. Age is also a factor but the pattern is complex. Partial completion of courses is significant and illustrates the flexibility of the TAFE system to accommodate the needs of those who wish to acquire skills and competencies rather than qualifications. Concentration on qualifications alone may therefore seriously underestimate the skill base of the Australian workforce.