Since the increase in benefit payments, and since Centrelink has stopped breaching people for not meeting mutual-obligation requirements, we have experienced something like a 70-per-cent reduction in calls on our emergency relief funds at the Central Australian Youth Link-Up Service.
How bad will it be? Up until the COVID-19 pandemic, international-student revenue for Australian universities had been around 25 per cent across the sector, with many of Australia’s ‘sandstone’ universities relying on international students for at least a third of their income. The loss of much of this revenue for the near to mid-future represents the biggest crisis the sector has faced. …universities will act vigorously to manage their finances.
In Australia we have no ‘herd immunity’: we still have plenty of ‘fuel’ for the virus to burn. The virus is still smouldering, largely stifled, in Australia, and actively burning in many other places around the world. Embers will continue to land here, and we have already gone through a lot of our resources and assets.