This report analyses the results of the financial statement audits of the ten NSW universities and their controlled entities for the year ended 31 December 2016.

Australia is losing the education game. We will not return to the winner’s list until we address inequity in our schools. Funding lies at the core of that inequity.

Treasurer Scott Morrison asks students to pay more of their own education costs, while claiming taxpayers subsidise more than half the cost of every student's higher education.

Compared with urban universities, any cut to the Commonwealth Grant Scheme would impact relatively more on regional universities and on what they can provide for regional students and communities.

This report provides information on the outcomes and findings of the 2016 financial audits of the eight Victorian universities and the 51 entities they control.