Universities worldwide are under scrutiny for governance, financial sustainability, and public accountability amid sector-wide disruptions. A New South Wales parliamentary inquiry examines public universities' governance amidst fiscal pressures, academic freedom concerns, and student welfare challenges. Institutions face mounting financial constraints exemplified by job cuts at University of Suffolk and restructuring at Saint Augustine’s University following accreditation disputes. Debates around university missions emphasize balancing elite education with democratic aspirations and sustainable student experiences, with calls for comprehensive sector reforms mirroring concerns highlighted by historical critiques and contemporary political pressures.