Michael Spence has been the Vice Chancellor of USyd since 2008.
In an Academic Board meeting held on campus on Tuesday, Spence revealed that a third report containing first-person experiences was withheld from the public.
These cars cost more than most of our degrees.
He will be replaced by Deputy Vice Chancellor (Registrar) Tyrone Carlin.
Emails among senior University management suggest the plan to close the Sydney College of the Arts was not purely financially motivated.