It is changing its name to "Higher Education" studies, but the increment it will provide is listed below.
(Source: VICTER 2014 page 6 and 7, and confirmed by VTAC)
Upon satisfactory completion, the increment will be determined as follows:
• Where a student completes a Higher Education VCE study and the average mark over all the HE units awarded is at least 90, the Higher Education increment will be 5.0.
• Where a student completes a Higher Education VCE study and the average mark over all the HE units awarded is at least 80 but less than 90, the Higher Education increment will be 4.5.
• Where a student completes a Higher Education VCE study and the average mark over all the HE units awarded is at least 70 but less than 80, the Higher Education increment will be 4.0.
• Where a student completes a Higher Education VCE study and the average mark over all the HE units awarded is at least 60 but less than 70, the Higher Education increment will be 3.5.
• Where a student completes a Higher Education VCE study and the average mark over all the HE units awarded is at least 50 but less than 60, the Higher Education increment will be 3.0.
EDIT: This increment system will be applied from 2012 onwards