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The initial Gonski report from 2011 was intended to clean up Australia’s opaque and confusing school funding structure, as well as to build a new needs-based funding model.
This was to be accomplished by instituting a “base rate” level of financing per student known as the Schooling Resource Standard (SRS), with additional loadings added on top based on a variety of equity characteristics.
Instead, the former Labor Government sabotaged the execution by striking special deals with several jurisdictions and promising that no school would lose money as a result of the scheme.
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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.
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