SUBMISSION TO THE SENATE STANDING COMMITTEE ON ECONOMICS INQUIRY INTO THE MEDICARE LEVY AMENDMENT (NATIONAL DISABILITY INSURANCE SCHEME FUNDING) BILL 2017 AND 10 RELATED BILLS [PROVISIONS]
Universities Australia welcomes the opportunity to make a submission to the Committee on the Medicare Levy Amendment (National Disability Insurance Scheme Funding) Bill 2017 and 10 related Bills. Universities Australia is the peak body representing Australia’s 39 comprehensive universities in the national interest. A number of our members have also made submissions and we commend these to you for consideration.
Our comments are made solely in relation to the Nation-building Funds Repeal (National Disability Insurance Scheme Funding) Bill 2017 (the Bill) except to the extent that we recommend splitting the package. Schedule 1 of the Bill proposes to repeal the Nation-building Funds Act 2008. This Act is the legislation that establishes the Education Investment Fund (EIF) and therefore passage of this Bill would abolish the EIF - the last remaining program to fund the development and refurbishment of critical research and teaching infrastructure in the tertiary education sector. If the EIF is abolished, any future capital works will need to be funded from alternative university revenue streams, primarily domestic and international student fees. With less investment available, the result will be a slow erosion of infrastructure quality.
For the full submission, click here (PDF 541.8KB).