I don't know where this guy gets his figures from but here are some of the things UQ's student union spent the money on:
http://www.physics.uq.edu.au/people/rohde/blog/?p=26
Sounds like money well spent.
- The Women’s Collective, a small group of activist feminists, receive approximately $150,000 per year in support from the Student Union. This money is spent on activities such as sending members to surf and meditation camps on the New South Wales North Coast. Needless to say, ’services’ like this are an extravagance and of no benefit to the average student.
- The Queer Collective, a group open to gays and lesbians on campus, receives similar levels of funding and spends it in similar ways.
- The Food and Wine Appreciation Society, a small group of people who regularly eat-out at some of Brisbane’s most expensive and elite restaurants, at the expense of the University of Queensland Student Union.
- The High Society, my personal favourite, is a group of marijuana smokers whose stated goal is to promote drug-law reform, but in fact organize for drug dealers from all across Brisbane to gather once a week on-campus to sell to UQ students. One of their trading sessions was recently stormed by the police, however they still meet regularly and still actively deal drugs to students on campus. Needless to say, this ‘essential service’ is subsidised by the Student Union.
http://www.physics.uq.edu.au/people/rohde/blog/?p=26
Sounds like money well spent.