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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.