The Australian federal government is preparing a new higher education quality assurance framework under the leadership of the recently established Tertiary Education Quality and Standards Agency (TEQSA). Groundwork for this framework included a major national demonstration project to develop outcome-based graduate standards in a selected range of disciplines. This paper describes this project, focusing on the process by which threshold learning outcomes for Australian Bachelors level graduates majoring in Geography were determined; setting out outcomes of the work and pointing to some of the issues and implications flowing from the project. (Contains 15 notes and 3 tables.)