Skip to content
Curtin University
Note to staff

20 October, 2008


I am sure many of you are aware that some Australian universities are experiencing difficulties as the result of the global financial crisis. Most media outlets have coverage and are using a range of examples from across the sector.

Curtin has already undertaken a risk assessment of the global financial situation and we will continue to closely monitor the impact this may have on us. Issues raised in this risk assessment will shape the 2009 budget as we move into the New Year.

You will be pleased to know that the University is in very good shape to weather the crisis because we have been able to bring in strong surpluses in the past two years. Last year we recorded a surplus of $75 million and expect a similar amount in 2008. We might assume a decline in international revenue, but to balance this trends show that when the job market is poor, many people tend to come to higher education as an alternative to full time work.

Some eastern states universities have experienced difficulties because of the impact of the crisis on their investments.  Curtin’s investments are closely monitored and the University has factored the current market turbulence into its budget projections. At this stage we have no concerns about our investments, but will continue to monitor them as the global situation develops. We will of course keep staff informed of this and other matters on a regular basis.