Group of Eight Universities (Go8)

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G08 MEDIA RELEASE Tuesday 29 July 2008

Group of Eight signs Human Capital Agreement with Chile

The Group of Eight universities will sign an Agreement with the Republic of Chile in Sydney today to allow up to 500 postgraduate students to study in Australia each year.

The Go8 Agreement complements the Free Trade Agreement to be signed by the Australian and Chilean Governments in Canberra on Wednesday 30 July.

The students will be supported by the new US$600million Chilean Bicentennial Scholarship Fund for Human Capital Development.

Membership of the group consists of the vice-chancellors (presidents) of: The Australian National University, Monash University, The University of Adelaide, The University of Melbourne, The University of New South Wales, The University of Queensland, The University of Sydney and The University of Western Australia.

CAPA endorses the Go8's call for reinvigorated debate and decisive action on higher education and research policy.

However, the Go8 discussion paper, Imperatives and Principles For Policy Reform In Australian Higher Education, fails to effectively grapple with the core issues of private investment in education.

CAPA President, Bradley Smith, said "the Go8 discussion paper is the latest in a string of reports that make a lucid and compelling case for immediate and substantial public re-investment in basic research and, more generally, higher education."