Victoria and South Australian schools to be fully funded after securing landmark federal government agreement

Labor’s deal, introduced last July, proposed to increase the commonwealth’s funding share by 2.5% to 22.5% – and up to 40% for the Northern Territory. Photograph: The Guardian

Victoria and South Australia have secured a landmark 5% increase in commonwealth public school funding meaning they will be fully funded by 2034, leaving just Queensland and New South Wales holding out on signing up to the historic education agreement.

The move is a major win for the states and for Labor ahead of the federal election, bringing an end to more than six months of disputes over who will pay to deliver on fully funding public education for the first time.