The 2011 Budget renews the Government’s support for the reform program it outlined in 2009. The major elements remain in place, notably:
- funding universities for all students they enroll from 2012;
- indexing funding by a more realistic measure to maintain the real value of funding;
- raising funding for the indirect costs of research to 50% of the competitive research grant pool; and
- a more effective Youth Allowance and scholarship program, targeting students from disadvantaged backgrounds.
“The Government’s commitments provide the basis for universities to contribute to the skilling of Australia, consistent with the Government’s renewed focus on strengthening the Australian workforce set out in its major measures in this Budget” said Professor Ian O’Connor, IRU Chair.