The "Australian International University" is a brilliant spoof by some pissed-off Oz academic. (Not me!) He made it into a variety of papers already (owing to newspeople without brains, humour and/or the necessary academic cynicism).
Some pearls to follow:
"The Australian International University website is produced by an organisation called Academic Jihad. Academic Jihad has sleeper cells spread throughout the Australian university system and is poised to unleash a merciless firestorm of pedagogy on unsuspecting students, both local and international."
"Here at the Australian International University we have rationalised the normal system of different university faculties into a single faculty. We realised that most of the other faculties were not generating sufficient income and were having a negative effect on the overall marketing plan of the university. As a result, the Australian International University only has one faculty - the Faculty of Business."
Cynical, me? No way!
Source: the ever-brilliant samizdata blog