Bond University is Australia's first private university, founded in 1987.[1] It runs three semesters per year (correlating exactly with the Northern and Southern Hemispheres' schedules), which allows a student to complete a six semester degree in two years and an eight semester degree (e.g. Law) in under three years.[2]
Since Bond University's foundation, the University of Notre Dame Australia has also been founded as a private university, in 1989. They remain Australia's only private universities.[citation needed]
Melbourne University, a public university, owned a private university called Melbourne University Private from 1998 to 2005. The private university was not successful, losing $A 20 000 000 over its life.
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