The process where students complete the degree in Sri Lanka is being offered in the island for the first time.
"A student who comes to the centre is a direct student of the University of Ballarat, this is happening for the first time in Sri Lanka," ATMC chief executive Manish Malhotra said.
"They are not ATMC students, ATMC is just a service provider for the University in this country.
"What it means is that a student who enrolls here gets a university ID card, offer letters degrees from the university. So they can transfer to any Ballarat location in the world if they want."But students at the study centre can complete their course without moving out. The centre will have Sri Lankan lecturers visiting lecturers, supplemented by Australian lecturers.
Rowena Coutts, deputy vice chancellor of the University of Ballarat says any staff recruited by ATMC will be personally interviewed by Ballarat staff.
Higher education minister S B Dissanayake said only 17 percent of those qualified for university entrance from the high school system found places in state universities creating a huge demand for tertiary education.
Each year about 50 million dollars are spent by parents to educate their children abroad, he said. The government is to allow non-state universities, especially branches of foreign universities to set up office in Sri Lanka under a new law.
Australia's ambassador to Colombo Kathy Klugman said Australia is a popular higher education destination for Sri Lankans and the study centre will lower the cost of an Australian degree for parents.
Rohini Goonetilleke academic advisor to the study centre says an undergraduate degree will cost between 800,000 to 900,000 rupees a third of a resident program in Australia saving on living costs in that country.
A Master's program could be completed between 600,000 to 700,000 rupees. Programs in business, information technology is offered through the centre.
Coutts says the university has developed a detailed system to ensure that teaching and assessment standards at all centres are the same.
For example work by Sri Lankan students will be randomly picked and sent to Australia to be 'blind marked' along with those of Australian students.
There will also be period audits of the Sri Lanka centre.
"There will also be an annual audit which I personally do with every partner," Coutts said.
"We go through a rigorous review to make sure that every requirement of the university and the government of the country is followed."