When entering Australia, it is mandatory that you provide proper documents, which is free from fraud and misleading statements. Under the Australian immigration law, it is considered a major offense to put forward fraudulent educational, funding documents.
In such cases, the applications will be refused and visas will be canceled. A ban will also be placed, which will prevent the applicant from being granted an Australian visa for three years; in some serious cases, you will be permanently banned. This will inherently cause serious damage to your reputation and your credibility will be tarnished. Not only yourself, those who have assisted in or facilitated the operation may also be taken in for a full investigation.
Later on, your reckless actions may affect your family members who wish to apply for visa. In most cases, they will not be granted entry.