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From the AGE today:

AUSTRALIA was the only developed country to cut public spending on tertiary education in the decade to 2004, according to a new world comparison.
The funding reduction — down 4 per cent compared with an average OECD rise of 49 per cent — resulted in private spending on higher education, including students’ tuition fees,surpass government funding.

By 2004 the Government paid 47.2 per cent of university revenue in Australia, compared with an OECD average of 75.4 per cent.The OECD found private spending soared mainly due to students leaving university with a greater debt after the Federal Government lifted maximum HECS fees in 1997.

Only the US, Japan and Korea charged students more for a public university degree. Australians paid an average $US3855 a year for university study. Conversely, one in three members of the OECD, all of them European countries, offer students free university tuition.

Full report HERE

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