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The original 2011 Gonski report was designed to clean up Australia’s opaque and convoluted system of school funding, as well as establish a new needs-based funding model.
This was to be achieved by introducing a “base rate” level of funding per student, known as the Schooling Resource Standard (SRS), with extra loadings on top based on a number of equity categories.
Instead, the former Labor Government butchered the implementation, concluding special deals with different jurisdictions and promising that no school would lose a dollar under the plan.
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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.