The primary objective of this annual report is to meet the requirements under section 127 of the Australian Education Act 2013 (the Act). 

The report provides a brief overview of the current funding arrangements for schools and the type of financial assistance provided by the Australian Government. It also provides an overview of the legislative and regulatory framework under which financial assistance is paid and of the schools funding assurance and compliances activities.

Approximately $10.8 billion was provided to the states and territories for government schools (as AAs), and approximately $17.6 billion was provided to the non-government schools sector (via the state and territory treasuries). Total funding paid in the 2023 calendar year  was approximately $28.4 billion.