U Tas audit ok

But look where it wants to grow revenue

As domestic student revenue stagnates the U Tas looks to internationals for more money.

The university was in deficit last year, the state Audit Office reports, but not by much – in the red for $10.57m, up from $6.68m in 2017. The university reported 2017 total operating income of $679m.

Staff costs last year were up 2.2 per cent and domestic student revenues down 2.5 per cent.  But the university looked offshore with enthusiasm to make up the shortfall, increasing international student numbers by a substantial 22 per cent. Perhaps too enthusiastically, the university has commissioned an external review of offshore recruitment.

The Audit Office also demonstrates the university is significantly investing in infrastructure, with new campuses in the north of the state, a new arts centre in the Hobart CBD and accommodation projects in the city.

The AO reports no outstanding high audit risks.


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