The establishment of the SAF was in response to the Bradley Review of Australian Higher Education which recommended the establishment of a structural adjustment fund to assist universities in preparing for the new operational requirements of a demand driven funding system and increased quality measures.
The aim of the SAF was to assist universities make the significant structural changes necessary and to establish longer term financial stability and access to high quality teaching and learning for all students.
The SAF provided a total of $377.134 million in funding through the following sources:
- the Education Investment Fund (EIF) which is established under the Nation-building Funds Act 2008
- the Higher Education Support Act 2003
A total of 13 projects were funded through the SAF over the period March 2011 to June 2013. Seven of these projects received funding under the EIF for infrastructure activities.
In the 2014-15 Budget, the Government advised that the EIF would close from 1 January 2015. Existing EIF projects will continue to be funded.