Live: HECS indexation changes to wipe $3b from student debt pass parliament
Millions of Australians will have hundreds wiped from their student debts following a change to how indexation is calculated passing parliament. Follow live.
After much ado, the government has passed its bill to wind back the large indexation that was applied to HECS debts over the last two years, amid high inflation.The government had hoped to do that last week, but the Greens put a spanner in the works when they moved an amendment to add another Labor HECS policy, wiping debts by 20 per cent, which Labor plans to do if it wins the next election.Labor had been reluctant to vote on that amendment at all, but ultimately voted it down, after which the...
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