“On 19 June 2020, the Hon Dan Tehan MP, Minister for Education, announced the Job-ready Graduates Package. The package focuses the public investment in higher education on national priorities and ensures the system delivers for students, industry and the community …
This reform will ensure total funding per student place is in line with contemporary evidence on the cost of delivering university education. This is important, as under the current system some courses are “over-funded”, and some are “under-funded”, leading to incentives for universities to offer some courses over others based on funding arrangements rather than in response to demand from students and the labour market ..
These changes will better align Commonwealth funding to emerging labour market priority areas, including nursing, health occupations, teaching and IT.”
For more information see the Department of Education skills and employment website (1).
(1) “Better University Funding Arrangements.” Department of Education, Skills and Employment. 2020. https://www.dese.gov.au/job-ready/better-university-funding-arrangements.