Australian Federal Government Minister Speech

INSIGHTS & RESOURCES

Australian Federal Government Minister Speech

Australian Financial Review’s Higher Education Summit 2017 Address
MINISTER SPEECH by Senator the Hon Simon Birmingham, Minister for Education and Training
30 August 2017

“……..This conference has already been exploring concepts on how to modernise universities to deliver greater benefits for students and realise desperately needed efficiencies. Former vice chancellor Steven Schwartz ….. has belled the cat on outdated teaching methods, the way capital could be better used to support investment and the excessive shift in head count from teaching to administration. Former ANU Professor Keith Houghton has released research revealing significant scope for enhanced productivity and potential savings across many Australian universities who have, in many respects, been perhaps resting on their laurels with easy taxpayer funding flowing into their coffers……….”

There is growing anticipation that the federal government’s response to the Universities Accord review’s final report will come soon. Given this and the fact that the budget is less than a month away, it is timely to review one of the final report’s key insights.

Recently released analysis finds that one large Group of Eight university outperformed other public universities in its research and education productivity outcomes during the pandemic.

The joint and common cost problem arises where there are two or more outputs that arise from costs that are shared in the production of these outputs. In many situations, the ability to assign costs to these two or more outputs is not complex. But there are instances where it is highly complex. In these situations, there is a need to use advanced analytics to provide a valid and reliable estimate of costs.

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