Australia has an adult literacy rate that was estimated to be 99% in 2003.^[280] However, a 2011–12 report for the Australian Bureau of Statistics reported that Tasmania has a literacy and numeracy rate of only 50%.^[281] In the Programme for International Student Assessment, Australia regularly scores among the top five of thirty major developed countries (member countries of the Organisation for Economic Co-operation and Development). Catholic education accounts for the largest non-government sector.

Australia has 37 government-funded universities and two private universities, as well as a number of other specialist institutions that provide approved courses at the higher education level.^[282] The University of Sydney is Australia's oldest university, having been founded in 1850, followed by the University of Melbourne three years later. Other notable universities include those of the Group of Eight leading tertiary institutions, including the University of Adelaide (which boasts an association with five Nobel Laureates), the Australian National University located in the national capital of Canberra, Monash University and the University of New South Wales.