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A broad range of measures, including international benchmarks for comparison with other countries, were considered in this evaluation of Australia's education and training system. The measures included: outcomes from the vocational education and training and higher education sectors in terms of completion rates, satisfaction levels and graduate destinations, including employment outcomes; educational attainment levels for different age groups; and literacy and numeracy levels in the general population. The research raises some fundamental questions for Australia's economic and social future and determines that Australia needs to re-commit to a new and broader national agenda for education and training as the basis of the continued transformation of Australia into a skills and knowledge based economy and a cohesive and democratic society.