Achieve savings of $53.1 million over 5 years from 2022-23 (and $3.8 million per year ongoing) across the Education portfolio.
The Government will achieve savings of $53.1 million over 5 years from 2022-23 (and $3.8 million per year ongoing) across the Education portfolio. Savings include:
* $36.9 million over 5 years from 2022-23 (and $2.0 million per year ongoing) from legacy grant schemes the Strategic University Reform Fund and the Regional Research Collaboration Program to optimise the Tertiary Collection of Student Information system to improve data quality, analytic support and the security of tertiary student loan records
* $11.3 million over 4 years from 2022-23 from uncommitted funding in the National School Reform Fund and the Quality Outcomes Program identified through the Government Spending Audit
* $3.0 million over 5 years from 2022-23 (and $0.7 million per year ongoing) by ceasing funding for the Quality Initiatives Program, which is duplicative of other expenditure in the Education portfolio
* $1.9 million over 4 years from 2023-24 (and $1.1 million per year ongoing) by recovering overpayments and improving funding integrity in non-government schools. The savings from this measure will be redirected to fund other Government policy priorities in the Education portfolio.