Efficiency & Governance
A vigorous program of micro-economic reform must be pursued to improve productivity and efficiency and to enable sustainable growth. This will need action from universities, their staff and governments. 'Australian universities are probably subject to more reporting requirements than any other type of organisational entity. Policies should set broad rules and ensure minimum quality and standards, but regulation should be proportionate to risk and support university autonomy. Cutting red tape can free universities to innovate and deliver high-quality teaching and research, while saving millions of dollars for both government and universities.