LH Martin InstituteThe latest publicly available financial data for Australian Universities are for 2014. Universities sourced revenues of $27.15 billion and expended $25.34 billion for their higher education and independent operations. Some 60.4% of funding came from government sources, including HECS payments. The University of Melbourne had the most revenue at $2.12 billion, equivalent to $590,440 per academic staff FTE. Five universities had revenues of more than $1.6 billion. These five highest revenue earners had a combined income that was more than the total revenues for the 22 smallest universities. More...