New South Wales universities do not need another round of voluntary transparency pledges; they need statutory teeth on who sits on councils, what executives are paid, and how decisions that cost jobs get recorded. The final report of the Legislative Council inquiry into the university sector, tabled Monday, makes that case in 23 recommendations—and the Minns government should treat the list as a legislative program with dates, not a discussion paper.

Chaired by Labor MLC Sarah Kaine, the year-long inquiry concluded that campuses have “swung too far towards corporatisation,” concentrating power among senior managers while students and staff see restructures, consultant spending, and executive packages through a keyhole. The Sydney Morning Herald reported calls for universities to justify vice-chancellor remuneration, disclose bonuses and consultant fees, and publish council minutes that explain major decisions. The Australian Financial Review highlighted allegations of weak governance across eight public universities after an interim report already singled out the University of Technology Sydney and University of Wollongong for deeper scrutiny.

Why consultation failed last time

Previous waves of reform—federal expert panels, senate inquiries, voluntary governance codes—produced slide decks and assurance letters while redundancies continued. The NSW inquiry’s difference is specificity: it proposes amending the Universities Governing Bodies Act so elected academic staff, professional staff and students comprise at least half of each governing council, and it urges independent council secretariats accountable to councils rather than vice-chancellors.

Those are structural changes, not cultural nudges. They recognise that when councils function as corporate boards stocked with external appointees, teaching and research missions lose veto power over financial engineering.

What must be in the first bill

We would prioritise four items in the first tranche. Mandated publication of executive remuneration processes, including performance metrics and consultancy line items, in a standardised annual-report format. Public council minutes with reasons for course closures and major restructures, redacting only personal or commercial-in-confidence material that is legally protected—not entire agendas. Whistleblower channels that bypass university media offices and report directly to council risk committees. And a clear ministerial statement that the 50 per cent elected council floor is non-negotiable for every NSW public university, not a pilot at one campus.

Kaine warned that without action, trust in institutions “fundamental to our state’s future” will erode further. She is right. Students deciding whether to enrol, and academics deciding whether to stay in Australia, read pay controversies and redundancy waves as signals about whose interests universities actually serve.

The limit of this editorial

We are not claiming every VC is overpaid or that consultants are never useful. Some NSW universities face genuine revenue pressure from capped international enrolments and research funding cliffs. The inquiry itself did not conduct case-by-case employment tribunals. Our claim is narrower: secrecy and unrepresentative governance made those pressures worse by blocking scrutiny until staff were already packing boxes.

If the government responds with another “sector roundtable,” it will have chosen optics over repair. The inquiry has done the evidence work. What remains is parliamentary courage—and deadlines campuses cannot outsource to a PR firm.