Along with the key current trends, the advisory board notes important challenges faced by the tertiary sector, especially those that are likely to continue to affect education over the five-year time period covered by this report. Like the trends, these are drawn from a careful analysis of current events, papers, articles, and similar sources, as well as from the personal experience of the advisory board members in their roles as leaders in education and technology. Those challenges ranked as most significant in terms of their impact on teaching, learning, research or information management in Australia in the coming five years are listed here, in the order of importance assigned them by the advisory board.