PRIVATE schools face having to disclose their sources of income including bequests, corporate donations and the value of their buildings in exchange for greater federal funding.
The Prime Minister, Julia Gillard, is expected to reveal the federal government's long-awaited response to a review of school funding by businessman David Gonski tomorrow.
But private schools face greater scrutiny through the MySchool website with the Greens demanding full disclosure of their funding sources in return for their support of the legislation through the Senate.
''Our view is that there should be complete transparency in funding to schools,'' the Greens' education spokeswoman, Penny Wright, said.
''This includes bequests, facilities and their links to the community. If they are going to receive public funds they should be held to the same standards [as public schools].''
The federal Coalition wants to keep the existing funding model, which means the government needs to secure the support of the Greens to have its legislation passed.
It has been more than six months since the federal government released the Gonski review, which called for an injection of $5 billion a year into the education system, based on 2009 figures, with the lion's share to go to public schools.
Last month Ms Gillard promised that the new arrangements would increase funding to all students.