(I.B.C.V.) was established in Yarraville (one of the western suburb in Melbourne) of Victoria, Australia in 1992 as a branch temple of Fo Guang Shan (literally meaning the Buddha's Light Mountain, is the largest Buddhist monastery in Taiwan, an internationally recognised Buddhist Holy Land, and has over 100 branch temples around the world , and over 180 associated centers, chapters, and colleges.)

The college consists of the traditional Chinese main gate, and the Buddha hall which can comfortably accommodate 300 people, the statues of the Buddha and the thousands niches of smaller images reviving the majestic features of the Tunhuang architecture of ancient China.

The other major facilities include a meditation hall, an auditorium, a Dharma hall, a Buddhist Cultural Museum, lodgings for students and pilgrims from around the world, dining hall and dormitories for resident monks and nuns.