How Much Does Regulatory Compliance Cost?

How Much Does Regulatory Compliance Cost?

It is estimated that Universities in Australia spend $280 million a year on regulatory compliance and reporting to Federal and State Governments, according to a submission by Universities Australia published recently.

In another report, from PhillipsKPA, it is estimated that data reporting costs universities as much as $30 for every $1,000 of funding and between $3,000 and $8,000 per grant.

The report recommends a central register and timetables of the different reporting requirements.

The Universities Australia submission goes further with the following recommendations for reducing red tape:

  • Setup a new national university data centre managed by a single government department to administer all data collections from universities;
  • Conduct a review of the regulatory burden on universities including duplication between jurisdictions, and implement the recommendations;
  • Government department audit and report annually on regulations, including any compliance and reporting increases; and
  • Set a national target for reducing regulations set by the government.

A copy of the Universities Australia submission can be found at:

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