Universities Accord (Cutting Student Debt by 20 Per Cent) Bill 2025
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.
Divisions on this bill
- 30 Jul 2025Universities Accord (Cutting Student Debt by 20 per Cent) Bill 2025 - Second Reading - Student debts, paid placementsSenate 10–33
- 30 Jul 2025Universities Accord (Cutting Student Debt by 20 per Cent) Bill 2025 - in Committee - Wipe all student debtSenate 10–33
- 30 Jul 2025Universities Accord (Cutting Student Debt by 20 per Cent) Bill 2025 - in Committee - Cap HECS indexation at 3%Senate 8–38
- 30 Jul 2025Universities Accord (Cutting Student Debt by 20 per Cent) Bill 2025 - in Committee - Remove indexation from student debtsSenate 10–34
- 30 Jul 2025Universities Accord (Cutting Student Debt by 20 per Cent) Bill 2025 - in Committee - Accounting for withholding amountsSenate 10–33
- 31 Jul 2025Universities Accord (Cutting Student Debt by 20 per cent) Bill 2025 - in Committee - Maximum student contribution amounts for placesSenate 11–29
- 31 Jul 2025Universities Accord (Cutting Student Debt by 20 per Cent) Bill 2025 - Adoption of Report - Adopt the Committee reportSenate 36–3
- 31 Jul 2025Universities Accord (Cutting Student Debt by 20 per Cent) Bill 2025 - Third Reading - Pass the billSenate 36–3
Official record: bill homepage at aph.gov.au.