In July 2019 Nick Saunder's TEQSA declared that almost all Australian unis were not at risk of over-reliance on a single source of revenue-TEQSA and Saunders have yet to explain errors post COVID19

by Ganesh Sahathevan


The following information has been extracted from TEQSA's Key risk findings on Australia’s higher education sector, published in July 2019

Financial Sustainability considers the longer-term financial strength and capacity of providers, including structural characteristics that support operating endurance. Measures are generally analysed over a three-year period and cover change in total revenue, asset (capital) replacement, employee benefits expenditure, enrolments, and revenue concentration/diversification (page 81 of publication).


The position post-COVID19, where the university sector as a whole is reeling from the  loss of revenue from Chinese students ,  is well summarised by The Guardian in these paragraphs:

Australia’s university sector says it faces economic catastrophe and massive job losses unless it receives more help from the government during the coronavirus crisis.

It is begging the federal government to immediately extend interest-free loans, as institutions – large and small – devise plans to slash hundreds of millions of dollars from their 2020 budgets in anticipation that foreign student income will dry up in the second semester.

The TEQSA report is ultimately the responsibility of its chairman, Nick Saunders, who has yet to explain his now obvious error. He must not be allowed to hide behind any argument that his report did not say "China", "Chinese students" or similar with regards"revenue concentration" or "single source revenue".

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