Group of Eight Directors Conference 28 May 2009 Liz Baré Vice-Principal & Head of University Services The University of Melbourne
Bradley and Cutler Reports
New Money for Universities $469 million $613 million $760 million $1,050 million Source: Budget papers. Does not include Super Science initiative.
New Research Commitments
Additional Commonwealth-Supported Places Source: DEEWR Budget statements, outcome 3
New accreditation and quality assurance system Tertiary Education Quality and Standards Agency (TEQSA)
Additional increases in per student funding rates by 2011
Greater socioeconomic diversity on campus
Five measures to increase low SES participation Demand-driven funding system to create new places Better-targeted student income support Partnerships program Loading for low SES students Enrolment target
Low SES enrolment share targets %18.5%20%
Source: Data supplied by the Victorian Tertiary Admissions Centre and Australian Bureau of Statistics ENTER results and SES
EIF contribution to budget measures With EIF$469 million $613 million $760 million $1,050 million Without EIF $82 million $286 million $599 million $1,031 million
Budget deficit (million) $57,988$52,267$48,931$25,671 Interest on debt (million) $6,333$8,400$10,716$12,545 Source: Budget Statement No. 9 Budget deficits and interest costs