In this article, the authors analyses the history of teacher education in Australia from 1974 to the current policy moment. Teacher education is, and has been, a highly scrutinised domain in Australia. Since the 1970s, teacher educators have seen more than 100 reviews of teacher education in Australia, with another one recently announced in 2014. The author discusses three phases in the growth and development of teacher education in the past 40 years by considering the ways in which teacher education (and teaching) has been thought about at various points in time and analysing the related policies for funding governance and regulation.