Training las year wasn’t terrific either

In a note on the 2022 annual report CFO Clare Lezaja tells staff, RMIT Online revenue was down 14 per cent last year, “reflecting lower enrolments in postgraduate education caused by historically low unemployment rates.” Last year’s loss was $6.3m, compared to a $2.6m loss in ’21. The ’22 result was “partially mitigated” by reduced commissions to industry partners and “lower tutoring requirements.”

At RMIT Training, tuition fees were down $4.6m, “with covid related restrictions continuing to impact student numbers. Operating loss was $6m, a marginal improvement on ’21.