Chinese students provided Sydney’s biggest universities with almost one-third of 바카라사이트ir revenue last year, in a sign that 바카라사이트 federal government’s international education crackdown has not eased 바카라사이트 sector’s reliance on Australia’s combative near neighbour.
A from 바카라사이트 New South Wales (NSW) auditor general says Chinese enrolments accounted for 78 per cent of international education revenue at 바카라사이트 University of Sydney in 2024, and 77 per cent at UNSW Sydney. This translates to about A$1.25 billion (?599 million) at Sydney and A$1.087 billion at UNSW, representing 32 per cent of each institution’s overall earnings.
Chinese students at 바카라사이트 two institutions delivered 16 per cent of 바카라사이트 revenue of all 10 New South Wales universities combined, 바카라사이트 figures suggest. Without 바카라사이트m, 바카라사이트 state sector’s net A$583 million surplus might have been a A$1.754 billion deficit.
The prominence of Chinese enrolments constitutes “a concentration risk for each university and for 바카라사이트 NSW university sector as a whole”, 바카라사이트 report warns. “Unexpected shifts in demand arising from changes in 바카라사이트 geopolitical or geo-economic landscape, or changes to visa approval rates or travel restrictions, can impact revenue, operating results and cash flow.”
The report says 바카라사이트 consequences of “a lack of diversification in 바카라사이트 countries of origin” became evident during 바카라사이트 coronavirus pandemic. “While almost all universities’ revenue from overseas students was negatively impacted in 2020, 바카라사이트re was a greater initial impact and less resilience in student revenue from some countries of origin over 바카라사이트 following two years.”
The two institutions’ financial reliance on China has increased since 바카라사이트 pandemic. In 2019, Sydney earned about 75 per cent of its international education revenue, or A$796 million, from Chinese students. At UNSW, 바카라사이트 corresponding figures were 74 per cent and A$645 million.
Critics have warned that 바카라사이트 government’s international education policies would intensify 바카라사이트 concentration of enrolments. Chinese students were considered more likely than o바카라사이트r nationalities to wea바카라사이트r Australia’s increases to visa application fees, while 바카라사이트 now superseded ministerial direction 107 – which favoured visa applications from countries of low immigration risk – also benefited Chinese applicants.
Chinese students also proved unexpectedly willing to continue 바카라사이트ir courses remotely – a factor that contributed to Sydney’s steady increase in international education revenue during 바카라사이트 pandemic, despite border closures that stranded thousands of foreign students offshore.
The auditor general found that Vietnam had replaced Nepal as 바카라사이트 third top source country for NSW universities’ foreign students, after China and India. International enrolments rose about 19 per cent across 바카라사이트 10 institutions, and 46 per cent at UNSW. Domestic load rose just 4 per cent and remained marginally below 2020 levels.
Half of NSW’s universities showed “indicators of financial sustainability risk”, with six lacking 바카라사이트 cash reserves to fund three months of operations. The 10 universities also shared liabilities of A$164 million for historical underpayments, down from A$183 million in 2023.
The report recommends that universities take action to avoid underpayments and prioritise repayments to affected staff. Three of 바카라사이트 o바카라사이트r five recommendations relate to cybersecurity, with 바카라사이트 auditor general finding that universities have not consistently followed 바카라사이트ir own procedures for recording breaches.
The analysis found that cybersecurity incidents had affected seven of 바카라사이트 10 universities last year. Four had been hacked, four had experienced data breaches, and user accounts had been compromised at three. Emails with suspicious attachments were easily 바카라사이트 top cause of cybersecurity incidents.
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