In the 2024-25 MYEFO, the Government is delivering on the next steps in tertiary education reform and building a universal early education and care system by expanding access to quality early education.
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Higher Education
The 2024-25 MYEFO delivers the next steps in the Government’s reforms of the tertiary education system, including further cost of living relief and structural reform which aims to deliver the large, skilled and productive workforce the economy requires.
Australian Universities Accord 2024-25 MYEFO Summary
The 2024-25 MYEFO Summary outlines the next steps to implement the Australian Universities Accord.
Read summaryEstablishing new governance for the Australian higher education system through the Australian Tertiary Education Commission
The Australian Tertiary Education Commission (ATEC) will be an independent steward for the higher education system tasked with creating a better and fairer tertiary education system that delivers for students and on national economic and social objectives.
Read factsheetManaged growth funding for universities
The new funding system will increase opportunity for students from underrepresented backgrounds and create a more diverse and flexible system of higher education. The new system will deliver this growth in a managed way that reflects national needs, the interests of students, and institutional and local circumstances.
Read factsheetMore funding for academic and student supports to help students succeed
Demand-driven Needs-based Funding will give more funding to publicly-funded higher education providers to help students from low SES backgrounds, First Nations students, and students studying at regional campuses to successfully complete their degrees.
Read factsheetDisability Support Fund
The Australian Government will quadruple the Disability Support Fund to assist more students with disability to access, participate and succeed in higher education.
Read factsheetEarly Childhood Education and Care
The Government is taking next steps in building a universal early education and care system by expanding access to quality early education across the country.
3 Day Guarantee
The Australian Government is replacing the Child Care Subsidy Activity Test from January 2026 to guarantee at least 3 days of subsidised early childhood education and care each week for children who need it.
Read factsheetBuilding Early Education Fund
The Australian Government will invest $1 billion to establish the Building Early Education Fund to build early childhood education and care centres, including in the regions and outer suburbs. This will give more families access to quality early childhood education and care in areas where it is needed most.
Read factsheetEarly Education Service Delivery Price
The Australian Government’s Early Education Service Delivery Price project will provide a data-driven understanding of the reasonable costs of quality Early Childhood Education and Care service delivery.
Read factsheetWorker retention payment
The Australian Government is investing $3.6 billion for the Early Childhood Education and Care worker retention payment to support a 15% wage increase for ECEC workers over two years from December 2024.
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