A system of capped funding?
What does it mean to change university funding to a capped funding amount which universities can use as they will? Can it both give Government certainty of expenditure and protect universities from micro managing of their operations?
Under current arrangements universities receive base funding based on the load of enrolled students in particular discipline areas. There are also various additional amounts, some such as regional loading added through the main Commonwealth Grant Scheme, others controlled as Other Grants which includes the university research block grants.