The Australian Government has released the Australian Universities Accord 2024-25 MYEFO Summary which outlines next steps in 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 Tertiary Education Commission
The Australian Tertiary Education Commission (ATEC) will advise on and implement tertiary education reform, drive growth through equity, and ensure our national skills needs are met.
Managed growth funding for universities
A new Managed Growth Funding system for Commonwealth supported places for higher education institutions will be fully implemented from 1 January 2027, with a transition year occurring in 2026.
Demand-driven Needs Based Funding
Starting 1 January 2026, demand-driven Needs-based Funding will give more funding to publicly-funded higher education providers to help more students from low SES backgrounds, First Nations students, and students studying at regional campuses graduate.
Disability 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.