Universities maintain financial health by offsetting a 5% loss of revenue largely via staff redundancies

Professor Frank Larkins address to the ACDS AGM on the policy and financial challenges facing Australian Universities focussed on:

The financial health of Australian universities

• Universities maintain financial health (barely) by offsetting a 5% loss of revenue largely via staff redundancies.
• Revenue loss chiefly in sources of discretionary funds used to for research.
• Job losses could reach 30% in the near term.

The ARC review of ERA and EI

• The review says that the ERA ‘IS NOT FIT FOR PURPOSE’
• Why not defer until 2025 given COVID disruption
• How can 25 of 27 universities be above world standard in mathematical research?

A summary of Professor Larkins talk to the ACDS AGM and Conference and his presentation is available here.