According to the University of Sydney’s Annual Financial Report, the educational institution recorded a surplus of $351.8 million in 2023. In 2022, the recorded surplus was $298.5 million. Both numbers pale compared to the COVID-19 2021 surplus of $1.3 billion. USyd reports that this is the sixth year in a row reaping a profit.
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The University of Western Australia has admitted to underpaying $6.6 million of employee superannuation after an internal review discovered that the 17% superannuation entitlement had been calculated incorrectly.
We are so back.
Brace yourselves for the 2024-25 Budget overview.
How does this impact students? How do the cost-of-living reforms affect the student demographic? Check out this guide to the Budget for how it affects tertiary students, and where it fails us.
On May 9, Sydney Law School announced that there would be no Winter intensives taking place in July 2024. This announcement was made via the Professional Law Program Newsletter and by the Sydney University Law Society’s (SULS) Education subcommittee on social media.
The National Tertiary Education Union (NTEU) has demanded “major changes to university governance” after the Swinburne University of Technology conceded to $2.85 million in wage theft between 2017 and December 2023, impacting around 1,800 staff.
Current estimations show that the wage theft has impacted more than 7,500 staff.
The University of Melbourne has admitted to multiple breaches of the Fair Work Act and been ordered by a federal judge to pay $75,000 after threatening to punish two casual academics for working outside their contracted hours.
Honi Soit has accessed a document, “FASS Guidelines for Applying M03 Marking Paycode”, which advises Arts and Social Sciences tutors on how to apply different marking levels. The document lists the rationale that “The Faculty is seeking to develop an approach to marking classification that is consistent with obligations to staff under the Enterprise Agreement”.
The USyd Business School has stopped using the data intensive assessment program Cadmus after a decision made by the eTools committee in Semester 2 last year.