Time to rein-in greedy corporatised universities

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The final report from the Federal Senate Inquiry into the Quality of Governance at Australian Higher Education Providers delivered a scathing assessment, largely focused on the corporatisation of public universities and its negative impact on students, staff, and the sector’s public mission.

The report slammed “poor governance, wrongly focused decision-making, and poor employment practices” for damaging public and community trust in the university sector.

It found that governing bodies (Councils/Senates) are frequently “stacked with members lacking educational expertise” and that their decisions often reflect commercial priorities rather than academic or social imperatives.

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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.