Uni funding must rise to match Oxford | The Australian

Uni funding must rise to match Oxford | The Australian: "AUSTRALIA will never have a world-class university such as Harvard or Oxford without dramatically increasing funding to the tertiary sector, the head of the nation's elite universities has warned.

Group of Eight universities chair Alan Robson said the country could not compete at the elite international level unless campuses were funded on a similar scale to Harvard - which benefits from a private endowment fund of more than $34.9 billion.

The University of Western Australia vice-chancellor also urged universities to diversify and called on the Rudd Government to set up a $20 million fund to reward 'high impact' research."