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House r7342 Status Act

Universities Accord (Cutting Student Debt by 20 Per Cent) Bill 2025

Introduced by Jason Clare

Amends the Higher Education Support Act 2003 and 5 other Acts to: provide a one-off 20 per cent reduction to Higher Education Loan Program debts and certain other student loans that are incurred on or before 1 June 2025; and increase the minimum repayment threshold from $54,435 in the 2024-25 financial year to $67,000 in the 2025-26 financial year and provide that compulsory student loan repayments are calculated on income above the new threshold rather than being based on a percentage of the repayment income.

Summary from the official bill homepage.

Became law

ActUniversities Accord (Cutting Student Debt by 20 Per Cent) Act 2025
NumberNo. 30, 2025
Assent2 Aug 2025
StatusIn force

Sourced from the Federal Register of Legislation at 21 Oct 2026. For the latest information on Australian Government law please go to https://www.legislation.gov.au.

Progress

DateStep
House
23 Jul 2025Introduced and read a first time
23 Jul 2025Second reading moved
29 Jul 2025Second reading debate
29 Jul 2025Second reading agreed to
29 Jul 2025Third reading agreed to
Senate
29 Jul 2025Introduced and read a first time
29 Jul 2025Second reading moved
29 Jul 2025Second reading debate
30 Jul 2025Second reading debate
30 Jul 2025Second reading agreed to
30 Jul 2025Committee of the Whole debate
31 Jul 2025Committee of the Whole debate
31 Jul 2025Third reading agreed to
31 Jul 2025Finally passed both Houses
2 Aug 2025Assent

Divisions on this bill

Official record: bill homepage at aph.gov.au, full text and documents on ParlInfo.