by Marcia Devlin
The Australian federal government has indicated its intention to introduce partial funding based on yet to be defined performance measures.
The Mid-Year Economic and Fiscal Outlook (MYEFO) by the Australian government updates the economic and fiscal outlook from the previous budget and the budgetary position and revises the budget aggregates taking account of all decisions made since the budget was released. The 2017-2018 MYEFO papers state that the Government intends to “proceed with reforms to the higher education [HE] sector to improve transparency, accountability, affordability and responsiveness to the aspirations of students and future workforce needs” (see links below). Among these reforms are performance targets for universities to determine the growth in their Commonwealth Grant Scheme funding for bachelor degrees from 2020, to be capped at the growth rate in the 18-64 year old population, and from 1 January 2019, “a new allocation mechanism based on institutional outcomes and industry needs for sub-bachelor and postgraduate Commonwealth Supported Places”. Continue reading