The Independent Broad-based Anti-corruption Commission is investigating past and present senior education department bureaucrats involved with the Ultranet computer project that was scrapped in 2013.Public hearings as part of IBAC's investigation began on Monday hearing allegations that senior department officials bought shares in the company awarded the project tender. The hearings were also told a senior official diverted funds from other projects to cover up a $60 million Ultranet cost blowout.

A NSW government minister has launched a blistering attack on the federal government's administration of the scandal-ridden private vocational education sector. The sector has been plagued by allegations of dodgy private providers recruiting tens of thousands of students through free laptops and targeting illiterate, disabled students to sign them up to tens of thousands of dollars worth of taxpayer-funded student debt through the federal government's HECS-style VET-FEE help program.

Several universities are being threatened with tough penalties for allegedly providing data that would artificially boost their performance on prestigious research rankings used to allocate government funding. The Australian Research Council has written stern letters to several universities warning them they face punishments for providing misleading data for their research excellence assessments, including prosecution under Commonwealth law.

Education Minister wants to make universities more accountable for how they spend their money after it was revealed billions of dollars a year are redirected from teaching to research. A report by the Grattan Institute found that universities report the $26 billion they spend each year in an "opaque" way, concluding: "Australia needs a more transparent system for reporting how universities spend their money."

The boss of the Education Institute at the Royal Children’s Hospital has quit in the wake of evidence given during an anti-corruption inquiry. The RCH told the Herald Sun that it appeared to have been caught up in what is alleged to have been misuse of public funds distributed to various organisations via a network of “banker schools”.

A high-ranking Victorian education department official accused of running a corrupt scheme to siphon off money from school funding has been sacked. Former education department financial management general manager is the first scalp to be claimed by the Independent Broad-based Anti-Corruption (IBAC) hearings.

The need to sell more courses to foreign students is placing universities' reputations at risk and education is slowly being privatised. To replace the missing income due to fall in government funds, universities allow private students, particularly from overseas to buy university places. The fees overseas students pay can represent up to two-fifths of the budget of universities.