The Longitudinal Surveys of Australian Youth (LSAY) program is an important evidence base for youth policy, providing information on the key transition points in young people's lives up to the age of 25 years. The first edition of this annual report provides an overview of the LSAY program and presents information about young people using the latest LSAY data. Key transition points and changes across the LSAY cohorts, as well as differences among the subgroups of interest (for example, gender, geographic location and socioeconomic status) are explored. A special chapter is reserved for investigating the important topic of the effect that schools have on student outcomes. The report also includes a summary of LSAY research published in 2013-14, and examines the impact that LSAY research has had in terms of citations and media attention.