What’s new in the funding agreements, part 4: revised equity plan rules

As discussed in a blog post last week, the revised 2024-25 Commonwealth-university funding agreements add new restrictions on early offers. The revised agreements also rewrite the rules on a novel feature of the original December 2023 2024-25 funding agreements. These rules cover a new policy to spend unused Commonwealth Grant Scheme allocations on activities set out in equity plans.

The May funding agreements improve on their December 2023 versions by potentially making the equity plan requirement optional. However a change to how the equity plan amounts are calculated reduces how much money universities could receive.

The revised funding agreements also include some minor funding increases.

Read More »