Release type: Media Release

Date:

Audit of Charles Sturt University’s Financial Position

Ministers:

The Hon Andrew Gee MP
Minister Assisting the Minister for Trade and Investment
Minister for Decentralisation and Regional Education

“The announcement made by Charles Sturt University (CSU) on 5 August 2020, falls well short of delivering the rigorous, open and transparent audit of the financial performance and financial position of the University,” Mr Gee said.

“CSU’s statement is inadequate and fails to commit to the audit in the terms set out in the resolution agreed by the University Council.

“The Charles Sturt University Council’s resolution which was passed on 2 June 2020, specifically stated that the financial audit would assess the impact of the University’s Sustainable Futures Program and would include a pre, during and post COVID-19 data analysis of student enrolments.

“The resolution also stated that the Council would report the results of the audit to the Australian and New South Wales Governments.

“The University’s statement is silent on all of the key points contained in the resolution which were agreed almost two months ago.

“Students and staff have been approaching my office and are increasing concerned about the apparent disarray that is stemming from the lack of open and transparent information about the University’s financial positon.

“Now is the time for the University to open up the books and to shine some light on its finances, management and operations. Sunlight is the best form of disinfectant.

“The Council needs to get on and implement the resolution and audit in full.

“Only then will students, staff and the communities which CSU serves have a clear picture about its sustainability and how the University will navigate the future which is vital in maintaining community confidence and government trust.”