The objects of this Act are:
(a) to support a higher education system that:
(i) is characterised by quality, diversity and equity of access; and
(ii) contributes to the development of cultural and intellectual life in Australia; and
(iii) is appropriate to meet Australia's social and economic needs for a more highly educated and skilled population; and
(b) to strengthen Australia's knowledge base and enhance the contribution of Australia's research capabilities to national economic development and international competitiveness and the attainment of social goals.