Torrens may well prove to be the success story of the three in Adelaide, as it uses a different business model to a typical Australian university. Torrens is part of Laureate International Universities, which provides education on-line to 800,000 students.
Torrens presents a challenge to Australian universities as it can teach students using its world wide on-line resources. This could serve as a useful wake-up call for Australian institutions to learn to compete, before offshore educational institutions take away their market. At the moment I am a student of a North American on-line master of education, to learn how to design such on-line programs for Australia.