The announcement includes proposed additional funding to provide 20,000 more university places, as well as support for TAFE.

Universities Australia Chair Professor John Dewar said:

”Universities play a central role in national prosperity and can power the post-COVID economic recovery by equipping graduates with the skills they need to drive that recovery.”

“A strong and vibrant tertiary sector – university and vocational education – is fundamental to Australia’s recovery.”

“When Government invests in our universities, it invests in the future prosperity of us all.”

“We look forward to when further details on this policy are made available.”

Universities Australia Chief Executive Catriona Jackson said a well-resourced university sector will fulfil the ever-increasing demand for skilled graduates.

“By 2024-25, the young adults of the mid-2000s baby boom will be ready to begin their studies, and more places will be needed to ensure they have that life changing opportunity.”

“Over the next five years, the National Skills Commission predicts more than 500,000 new jobs will be created that require a Bachelor’s degree or higher.”

“Skilled graduates bring bright ideas, critical thinking and the latest knowledge to solve our nation’s challenges, improve business productivity and change lives.”

“It is also critical to make the best of the talent we have, and universities support the focus in the ALP package on ensuring that all Australians, regardless of background or barriers, have access to the opportunity that a university education provides.” Ms Jackson said.