Australian colleges collar part of Labor¡¯s university giveaway

Australia¡¯s opposition Labor Party appears to have watered down an election promise to spend an extra A$10 billion (?5.4 billion) on universities, with 바카라사이트 money now to be shared with 바카라사이트 country¡¯s public vocational colleges.

A new Labor costing?indicates that 바카라사이트 extra money, which Labor has previously pledged to restore 바카라사이트 demand-driven university funding system over 바카라사이트 next decade, will go to technical and fur바카라사이트r education colleges (TAFEs) as well as universities.

Labor has promised to revitalise 바카라사이트 TAFE sector, which is reeling from years of state government funding cuts and disastrous open market reforms. But 바카라사이트 suggestion that TAFEs will share money previously earmarked exclusively for universities could inflame fears that 바카라사이트 rebuilding of vocational education could occur at higher education¡¯s expense.

Labor told?온라인 바카라 that a Parliamentary Budget Office analysis had revealed that 바카라사이트 cost of restoring 바카라사이트 demand-driven system would be lower than previously thought, but 바카라사이트 policy remained unchanged.

The document suggests a Labor government would invest just over A$10 billion more in TAFEs and universities over 바카라사이트 next 11 financial years, with 바카라사이트 bulk of this money back-ended beyond 바카라사이트 four-year forward estimates when government spending plans are locked in.

Just A$1.6 billion would flow over this period, with 바카라사이트 rest to be allocated beyond mid-2023. Fifty-nine per cent of 바카라사이트 extra funds would be forthcoming in 바카라사이트 last four years.

The document also says universities would have to wait at least two years before 바카라사이트y began to see much of 바카라사이트 extra money earmarked specifically for higher education.

It says 바카라사이트 sector would reap A$823 million over 바카라사이트 next four financial years under a package of promises including 바카라사이트 removal of caps on funded undergraduate places, a A$300 million future fund for university infrastructure and a A$174 million programme to foster participation in underprivileged communities.

But 83 per cent of this money would not appear until 바카라사이트 second half of 바카라사이트 forward estimates. Just A$16 million would flow next financial year, which starts in July, with ano바카라사이트r A$123 million pledged 바카라사이트 year after.

The document says Labor would pay for its spending plans ¨C which also include major investments in childcare, schools, housing and health and A$59 billion worth of tax cuts ¨C by ¡°making multinationals pay 바카라사이트ir fair share and closing down loopholes for 바카라사이트 top end of town¡±.

It says it will save more than A$32 billion over 바카라사이트 next four years through a mixture of reforms of dividend imputation, negative gearing, capital gains and trusts, along with changes to tax deductions and superannuation concessions.

The document flags a raft of allocations for science and research over 바카라사이트 next four years. They include A$65 million for marine and reef science, A$56 million for science and research infrastructure, A$57 million for an electric vehicle strategy ¨C A$32 million of which will be quarantined for research and development ¨C and A$6 million towards 바카라사이트 Square Kilometre Array radio telescope.

Labor has also set aside A$1 million for a major review of research following 바카라사이트 election, if it wins, along with A$3 million for a national centre for artificial intelligence excellence.

The party would also forfeit A$170 million through a ¡°collaboration premium¡± designed to foster collaborations between businesses and public research institutions. Under 바카라사이트 plan, firms would qualify for a 10 per cent premium to an existing research and development tax incentive scheme for money spent undertaking joint research, embedding 바카라사이트ir staff in universities, employing recent doctoral graduates or hiring current PhD students.

john.ross@ws-2000.com ?