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University of Newcastle $6 million worse off under Labor.



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MINISTER FOR

EDUCATION, SCIENCE AND TRAINING THE HON DR BRENDAN NELSON MP

MEDIA RELEASE

26 August 2003 MIN N438/03

UNIVERSITY OF NEWCASTLE $6 MILLION WORSE OFF UNDER LABOR

Labor’s Education Spokesperson Jenny Macklin is misleading residents of the Hunter region by claiming that the University of Newcastle will be better off under Labor’s higher education policy.

At the same time, Labor is concealing the fact that the Department of Finance has revealed that the University will actually be almost $6 million worse off as it is forced to fill the funding black hole revealed in Labor’s package.

Labor’s massive funding shortfall was revealed in an analysis by the Australian Government Department of Education Science and Training, and verified by the Department of Finance.

Labor’s ‘Aim Higher’ policy promises that all maths and science students will be moved from HECS band 2 to HECS band 1. The Australian Government Department of Education Science and Training analysis reports that this will cost $262.5 million dollars. Labor has budgeted just $43.6 million.

Labor’s policy will require the $218.9 million shortfall to be borne by the institutions themselves.

There are currently an estimated 17,500 maths and science student places in 11 NSW institutions.

Covering the shortfall would cost NSW institutions around $67 million.

The estimated indicative cost to NSW institutions over three years of making up the shortfall is indicated in the following table.

INSTITUTION

FUNDING LOST

The University of Newcastle $5,934,362

University of Wollongong $4,945,546

Charles Sturt University $5,493,317

Macquarie University $5,953,117

Southern Cross University $2,158,245

The University of New England $3,247,149

The University of New South Wales $10,764,533

The University of Sydney $14,355,532

University of Technology, Sydney $7,025,782

University of Western Sydney $6,949,827

Avondale College $66,395

$66,893,805 NSW TOTAL

Media Contact:

Dr Nelson’s Office: Yaron Finkelstein 0414 927 663

Parliament House, Canberra ACT 2600 Australia y Tel: (02) 6277 7460 Fax: (02) 6273 4116