For the Australian ґ 7 June 2014 ґ Brian P Schmidt Along with Education and Infrastructure, Investing in Research and Development is the key way in which Governments invest in the long-term future prosperity of the country. ... This money is distributed to the higher education sector through a complicated set of government grants for research and student fees. ... In theory, deregulation of student fees will allow universities to differentiate on the type of education they provide. ...