Reality of reform hits finances

Reality of reform hits finances| Julie Hare | Australian Higher Education | 13 June, 2012

LAST year, the University of Queensland’s annual report showed it to be Australia’s most financially robust institution with a $204 million surplus. In fact, UQ was in the red to the tune of $38m. Both the University of Melbourne and the University of NSW were also caught short. Both reported a surplus of $89m yet UNSW says its real surplus was $7.5m, while Melbourne scraped close to break-even with $2.7m.

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