This first contribution concerns the relationship between the student contribution and the total public funding and whether it should offset all public expenditure on higher education or the cost of its own course. The Employment Graduates Bill was introduced this morning in the House of Representatives. A few points about the funding floor and the social work/mental health agreement with the National Party: Starting in 2021, the PBF program will be adapted to subordinate approximately $80 million in growth funding per year to performance requirements. Each year, the benefit aid will increase to 7.5% of the aid for national non-medical bachelor`s places for the promotion of university services. This measure is in line with the PBF model implemented in 2020. [Highlighted here only] How performance support works under job-ready graduates is unclear, at least to me. Some recently published FAQs on employable graduates, which are a break-up-insertion of an earlier statement, indicate that performance funding continues: the government says it will “fund more Commonwealth-backed places (CSPs) at the bachelor`s level in universities from 2021.” Some universities receive fictitious stipends and regional indigenous students receive demand-oriented places. But at the systemic level, I don`t think that direct funding from the Commonwealth will increase study places in the coming years, beyond what could be provided under the status quo policy. Australia`s university system is largely funded by public research and teaching scholarships and tuition fees, supported by a state-funded credit programme. Other sources of funding are public funding, student fees abroad, capital income, and revenues from contract research and consulting.
Until 2017, universities received CGS funds for as many places they wanted to offer (the “on-demand system”). In December 2017, the Minister limited overall funding to the 2017 level. From 2020, the cap will increase each year by a small amount, subject to a new performance-based funding system, which has yet to be announced. Based on last year`s portfolio budget statement, which requires some funding over the years, the Commonwealth Grant program will increase the inflation rate by about the status quo. Given that Commonwealth contributions are indexed to inflation and universities are already providing more places than are needed for their maximum grant, increasing SGC funding in 2021 would not require additional places. An unpleasant surprise in the bill for ready-made graduates earlier this month was that the minister could cut funding to a university without parliamentary oversight and authorization at each funding agreement. The introduced bill has a clear solution to this problem – but from 2025: amendment to section 30-27(3)(b) of the Higher Education Support Act 2003 (HESA 2003). From there, the Minister cannot reduce the maximum funding of the Commonwealth Grant Scheme for university courses by the university below that of the previous year. . .