Simplify the following text for a Grade 10 native English-speaking person.
Original: CQUniversity started out as the Queensland Institute of Technology ( Capricornia ) in 1967 , and after two years under the name of the University College of Central Queensland , in 1992 became an official university named the University of Central Queensland .
Simplified: The university began in 1967 as the Queensland Institute of Technology ( Capricornia ) . It was made a university in 1992 as the University of Central Queensland and changed the name to CQUniversity Australia in 2008 .