Importantly, the package aims to deliver more Job-ready graduates in the disciplines and regions where they are needed most and help drive the nation’s economic recovery from the COVID-19 pandemic.
The package will provide for better arrangements for university funding with targeted investment in areas of national priority, more opportunities for regional, rural and remote students, a better integrated tertiary system as well as improved transparency and accountability for the higher education sector.
Targeted investments in national priorities
The Australian Government is providing $49.7 million in targeted investments to support national priorities, including a pool of up to 900 commencing new places by 2024 under the CGS to support high quality undergraduate qualifications.
The allocation of these CSPs will be managed through a competitive process and be targeted to applications that promote a shared vision of aligning investment to accelerate growth and job creation, stimulate urban renewal, support city deals, growth corridors and drive economic reforms.
In the first instance, there will be specific investments in the University of Notre Dame Australia (UNDA) and Charles Sturt University's medical school. UNDA will receive an additional $5.7 million per year in recognition of the shortfall in compared to all public universities during the last three years of the demand driven system (2015-2017). Charles Sturt University will receive five new commencing medical Commonwealth supported places from 2021 to help establish a new medical school at Orange, New South Wales, for the Murray-Darling Medical Schools Network (costs of $1.1 million over the forward estimates).
For more information on this measure see our frequently asked questions.