Study in excellence as universities close on world's elite

By JULIE HARE. AUSTRALIA is on the way to having a world-class university system after five years of increased investment, says Glyn Davis, vice-chancellor of the country's top-ranked university.
Melbourne is the highest-ranked Australian university in the latest Academic Ranking of World Universities, released today, which for the first time put five Australian institutions in the top 100. With 19 of its 39 universities in the top 500, Australia has the fourth most successful higher education system globally.