
Labor to act on key cost-of-living promises like 20pc HELP debt wipe-out, paid prac, $150 energy rebate
The changes will be applied to all student debts as they on June 1, 2025, with the average HELP debt of $27,600 set to receive a reduction of about $5520.
The HECS reform will also reduce the repayment threshold for debts from $56,156 to $67,000.
Rates of repayments will also be lowered then current levels, with someone on $70,000 paying $1300.
Despite the Coalition not supporting the measure during the campaign, education spokesman Jonno Duniam said he expected the Bill to 'pass' parliament.
Speaking to the ABC on Sunday, he said that while the legislation would still need to go through party room and shadow cabinet, he believed 'the Australian people spoke pretty clearly … around the policies the Labor Party took,' adding the party was 'not really in the business of standing in the way of cost of living relief'.
Labor will also seek to introduce its cost-of-living election promises, including the $150 energy rebate top up, the 30 per cent discount on home batteries, paid prac measures for student nurses, teachers, social workers and midwives, plus a $10,000 cash bonus for trainee builders who finish their construction apprenticeship.
It will also begin work on legislating a two-week increase for Government Paid Parental Leave and laws to add superannuation on government paid parental leave, while also increasing the Super Guarantee to 12 per cent.
Education Minister Jason Clare will also use the first sitting week to introduce Bills to tighten protection settings in childcare centres, including provision to allow anti-fraud officers to inspect centres with a warrant or police supervision.
The Coalition has also said it's open to working with the government to get the Commonwealth to pull funding on centres which fail to meet safety standards after a Victorian former childcare worker Joshua Brown was hit with more than 70 child abuse charges.
While Labor holds a thumping 94-seat majority, out of a total 150 seats, in the Lower House, the government will still need to negotiate with either the Greens (which hold 10 seats), the Coalition's 27 senators, or the 10-member crossbench.
After an election bloodbath, the Coalition will return with a significantly reduced 43 seats, while the Greens have been reduced to a single seat.
Ahead of the official opening of the 48th parliament, Sussan Ley warned that while the Coalition would 'provide a constructive path for any legislation that makes Australia stronger,' it's 'good will is not a blank cheque'.
As it stands, the opposition has already vowed to fight Labor's proposed superannuation tax on balances over $3m, with the Coalition also set to eye accidentally released treasury advice to Jim Chalmers which urged him to consider new taxes to increase the budget outlook.
'Anthony Albanese is yet to explain why his departmental officials secretly advised the Treasurer that Labor would need to raise taxes on Australians,' the Opposition Leader said.
'We will seek answers on behalf of Australian taxpayers, not one of whom should face a new tax that they didn't vote for.'
It will also continue to attack Labor over its handling of Australia-US relations, following further fallout from Donald Trump's tariff trade war, with Anthony Albanese yet to secure a meeting with the US President.
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Perth Now
28 minutes ago
- Perth Now
Restaurants, building firm insolvencies remain high
Insolvencies remain trending higher among the food and beverage sector, CreditorWatch says. (Dan Peled/AAP PHOTOS) Insolvencies remain trending higher among the food and beverage sector, CreditorWatch says. (Dan Peled/AAP PHOTOS) Credit: AAP The level of Australian businesses going under appears to be stabilising, but firms are still becoming insolvent at record-high numbers. Restaurants and construction firms remain hardest hit in CreditorWatch's monthly Business Risk Index, which found more than 14,000 businesses went bust in the 2024-25 financial year. But income tax cuts and government cost of living measures have helped the rate of insolvencies plateau, CreditorWatch said. And with defaulted payments falling 6.5 per cent in June, there is some hope the overall health of businesses is on the up. "It's a promising signal business cash flow pressures may be easing, but with insolvencies still running 33 per cent above 2024/25 levels, and particularly elevated in hospitality and construction, I'm not getting too excited just yet," CreditorWatch CEO Patrick Coghlan said. "We'll continue to monitor for early signs of sustained recovery, but the next six months will be critical for determining whether insolvency rates begin to fall or remain stubbornly high." Businesses were struggling to stay afloat in typically stable sectors such as health care and education, showing the breadth of the economic strain, Mr Coghlan said. Hospitality businesses remain under the pump, with one in 10 closing in the year to June 2025. While insolvencies have plateaued generally, they remain trending higher among the food and beverage sector. Australian Restaurant and Cafe Association CEO Wes Lambert said it was no longer a case of if a hospitality business would close, but rather which one would shut it doors. "It's a real threat for many businesses in the hospitality industry, especially those in CBDs with work-from-home now fully enshrined into employment culture, and with tourism remaining at levels not seen since 2016," he told AAP. "Demand is low while wages, rents, utilities, insurance and other expenses are between 30 and 50 per cent higher than they were before COVID-19." Mr Lambert said Australia needed to attract more tourists, and needed genuine discussion about the cost pressures on industries such as hospitality. A quarter of all business that became insolvent in 2024/25 were in the construction sector. But given the large overall number of construction businesses, less than one per cent of all of them became insolvent. CreditorWatch labelled a rise in education and healthcare insolvencies "somewhat unusual" given both sectors are largely underpinned by government funding. Education was hit by immigration and foreign student policies, they found. The 14,716 business insolvencies recorded in 2024/25 was a massive 33 per cent jump year-on-year.


The Advertiser
an hour ago
- The Advertiser
Student debt to be slashed, less cash deducted from pay
Students and graduates will soon see a reduction in their HECS debts and save hundreds of dollars a year. Federal Education Minister Jason Clare will introduce legislation to slash student debt by 20 per cent and increase the income that graduates need to earn before minimum repayments kick in. It's the first bill that the Albanese government will put before parliament at the start of its second term. People earning between $60,000 and $180,000 will save hundreds of dollars each year under the changes. Someone on $70,000 will save the most, $1300 a year, on minimum repayments due to an increase to the thresholds at which the debts must be paid back. Savings vary between incomes in the bracket, with people pocketing anywhere from $200 to $850. Bruce Chapman said it would make it fairer by giving those on lower salaries more money in their pockets, while their debts remain the same in nominal terms. "It looks bigger, in real terms it's not bigger," the architect of the HECS scheme told AAP. But the top priority should be reviewing the price of each degree because humanities students finish with the highest level of debt and end up being the lowest-paid graduates. "All the prices are wrong," Professor Chapman said. Mr Clare said reforms were being looked at, after the failure of the former Liberal government's job ready program. The program aimed to fill skills shortages by making it cheaper to study courses like teaching, nursing and psychology while doubling the cost of popular degrees including law, communications, business, humanities and the arts. "If the intention there was to reduce the number of people doing arts degrees, it hasn't worked," Mr Clare said. "People study the courses they're interested in, that they want to do, that they love." The universities accord final report branded the program "deeply unfair" because it punished students following their interest, and called for it to be scrapped. It recommended that fees reflect future earning potential, as part of 47 recommendations to reform the sector. Other aspects about how HECS is paid off also needed to be addressed, Prof Chapman said. HECS repayments are taken from a person's pay slip if they're earning above an income threshold. But the money isn't immediately taken off the HECS debt and is instead deducted as a lump sum at the end of the financial year after indexation has been applied on June 1. This means a higher debt is indexed as the repayments haven't been deducted and the university accord recommended it be reformed to make the system fairer. The Australian Tertiary Education Commission has been established in an interim capacity to implement long-term university reform and will review the HECS system over the next 12 months. Mr Clare will introduce further legislation in the coming months to set the commission up as a permanent body. Students and graduates will soon see a reduction in their HECS debts and save hundreds of dollars a year. Federal Education Minister Jason Clare will introduce legislation to slash student debt by 20 per cent and increase the income that graduates need to earn before minimum repayments kick in. It's the first bill that the Albanese government will put before parliament at the start of its second term. People earning between $60,000 and $180,000 will save hundreds of dollars each year under the changes. Someone on $70,000 will save the most, $1300 a year, on minimum repayments due to an increase to the thresholds at which the debts must be paid back. Savings vary between incomes in the bracket, with people pocketing anywhere from $200 to $850. Bruce Chapman said it would make it fairer by giving those on lower salaries more money in their pockets, while their debts remain the same in nominal terms. "It looks bigger, in real terms it's not bigger," the architect of the HECS scheme told AAP. But the top priority should be reviewing the price of each degree because humanities students finish with the highest level of debt and end up being the lowest-paid graduates. "All the prices are wrong," Professor Chapman said. Mr Clare said reforms were being looked at, after the failure of the former Liberal government's job ready program. The program aimed to fill skills shortages by making it cheaper to study courses like teaching, nursing and psychology while doubling the cost of popular degrees including law, communications, business, humanities and the arts. "If the intention there was to reduce the number of people doing arts degrees, it hasn't worked," Mr Clare said. "People study the courses they're interested in, that they want to do, that they love." The universities accord final report branded the program "deeply unfair" because it punished students following their interest, and called for it to be scrapped. It recommended that fees reflect future earning potential, as part of 47 recommendations to reform the sector. Other aspects about how HECS is paid off also needed to be addressed, Prof Chapman said. HECS repayments are taken from a person's pay slip if they're earning above an income threshold. But the money isn't immediately taken off the HECS debt and is instead deducted as a lump sum at the end of the financial year after indexation has been applied on June 1. This means a higher debt is indexed as the repayments haven't been deducted and the university accord recommended it be reformed to make the system fairer. The Australian Tertiary Education Commission has been established in an interim capacity to implement long-term university reform and will review the HECS system over the next 12 months. Mr Clare will introduce further legislation in the coming months to set the commission up as a permanent body. Students and graduates will soon see a reduction in their HECS debts and save hundreds of dollars a year. Federal Education Minister Jason Clare will introduce legislation to slash student debt by 20 per cent and increase the income that graduates need to earn before minimum repayments kick in. It's the first bill that the Albanese government will put before parliament at the start of its second term. People earning between $60,000 and $180,000 will save hundreds of dollars each year under the changes. Someone on $70,000 will save the most, $1300 a year, on minimum repayments due to an increase to the thresholds at which the debts must be paid back. Savings vary between incomes in the bracket, with people pocketing anywhere from $200 to $850. Bruce Chapman said it would make it fairer by giving those on lower salaries more money in their pockets, while their debts remain the same in nominal terms. "It looks bigger, in real terms it's not bigger," the architect of the HECS scheme told AAP. But the top priority should be reviewing the price of each degree because humanities students finish with the highest level of debt and end up being the lowest-paid graduates. "All the prices are wrong," Professor Chapman said. Mr Clare said reforms were being looked at, after the failure of the former Liberal government's job ready program. The program aimed to fill skills shortages by making it cheaper to study courses like teaching, nursing and psychology while doubling the cost of popular degrees including law, communications, business, humanities and the arts. "If the intention there was to reduce the number of people doing arts degrees, it hasn't worked," Mr Clare said. "People study the courses they're interested in, that they want to do, that they love." The universities accord final report branded the program "deeply unfair" because it punished students following their interest, and called for it to be scrapped. It recommended that fees reflect future earning potential, as part of 47 recommendations to reform the sector. Other aspects about how HECS is paid off also needed to be addressed, Prof Chapman said. HECS repayments are taken from a person's pay slip if they're earning above an income threshold. But the money isn't immediately taken off the HECS debt and is instead deducted as a lump sum at the end of the financial year after indexation has been applied on June 1. This means a higher debt is indexed as the repayments haven't been deducted and the university accord recommended it be reformed to make the system fairer. The Australian Tertiary Education Commission has been established in an interim capacity to implement long-term university reform and will review the HECS system over the next 12 months. Mr Clare will introduce further legislation in the coming months to set the commission up as a permanent body. Students and graduates will soon see a reduction in their HECS debts and save hundreds of dollars a year. Federal Education Minister Jason Clare will introduce legislation to slash student debt by 20 per cent and increase the income that graduates need to earn before minimum repayments kick in. It's the first bill that the Albanese government will put before parliament at the start of its second term. People earning between $60,000 and $180,000 will save hundreds of dollars each year under the changes. Someone on $70,000 will save the most, $1300 a year, on minimum repayments due to an increase to the thresholds at which the debts must be paid back. Savings vary between incomes in the bracket, with people pocketing anywhere from $200 to $850. Bruce Chapman said it would make it fairer by giving those on lower salaries more money in their pockets, while their debts remain the same in nominal terms. "It looks bigger, in real terms it's not bigger," the architect of the HECS scheme told AAP. But the top priority should be reviewing the price of each degree because humanities students finish with the highest level of debt and end up being the lowest-paid graduates. "All the prices are wrong," Professor Chapman said. Mr Clare said reforms were being looked at, after the failure of the former Liberal government's job ready program. The program aimed to fill skills shortages by making it cheaper to study courses like teaching, nursing and psychology while doubling the cost of popular degrees including law, communications, business, humanities and the arts. "If the intention there was to reduce the number of people doing arts degrees, it hasn't worked," Mr Clare said. "People study the courses they're interested in, that they want to do, that they love." The universities accord final report branded the program "deeply unfair" because it punished students following their interest, and called for it to be scrapped. It recommended that fees reflect future earning potential, as part of 47 recommendations to reform the sector. Other aspects about how HECS is paid off also needed to be addressed, Prof Chapman said. HECS repayments are taken from a person's pay slip if they're earning above an income threshold. But the money isn't immediately taken off the HECS debt and is instead deducted as a lump sum at the end of the financial year after indexation has been applied on June 1. This means a higher debt is indexed as the repayments haven't been deducted and the university accord recommended it be reformed to make the system fairer. The Australian Tertiary Education Commission has been established in an interim capacity to implement long-term university reform and will review the HECS system over the next 12 months. Mr Clare will introduce further legislation in the coming months to set the commission up as a permanent body.


The Advertiser
an hour ago
- The Advertiser
Political leaders return to parliamentary battlefield
Pomp and ceremony out of the way, federal politicians will get back to work as parliamentary business resumes. The 48th parliament officially opened with a day of pageantry, which included a traditional church service and smoking ceremony before politicians were sworn in. Prime Minister Anthony Albanese and Opposition Leader Sussan Ley will square off in parliament as rival party leaders for the first time on Wednesday. Education Minister Jason Clare will deliver on Labor's election promise by introducing legislation to the lower house to slash university debt for three million Australians by 20 per cent. The coalition is expected to support the move which will wipe $16 billion off student debt but is waiting to see the fine print. People with an average HELP debt of $27,600 will have $5520 wiped from their loans. The government has also said it will this week introduce childcare reform aimed at improving safety measures. Labor returns to parliament with a lion's share of 94 seats, to the coalition's 43 in the lower house. Melbourne MP Sarah Witty, who defeated former Greens leader Adam Bandt at the election, gave a heartfelt first speech to parliament on Tuesday evening. She tearfully spoke of enduring "heartache after heartache" for more than a decade after experiencing pregnancy loss. "We grieve deeply," she said. "I opened myself to a new path. I stepped into the world of foster care, not out of ease, but out of a deep need to turn my pain into something positive." Ms Witty said her experience taking care of children in need would shape her approach as an elected parliamentarian. Griffith MP Renee Coffey, who wrested back Kevin Rudd's old seat for Labor from the Greens, spoke of the kindness former rival Max Chandler-Mather had shown her following a confronting interaction with a voter. "On election day, I was stunned when a voter told me he couldn't possibly vote for me because I have MS and he couldn't be represented in parliament by someone who could be in a wheelchair," she said. "It knocked the wind out of me. In a strange turn of fate, it was the then-member for Griffith, Max Chandler-Mather, who saw me step away from that interaction. "And the kind words of support he offered me, I will never forget." Pomp and ceremony out of the way, federal politicians will get back to work as parliamentary business resumes. The 48th parliament officially opened with a day of pageantry, which included a traditional church service and smoking ceremony before politicians were sworn in. Prime Minister Anthony Albanese and Opposition Leader Sussan Ley will square off in parliament as rival party leaders for the first time on Wednesday. Education Minister Jason Clare will deliver on Labor's election promise by introducing legislation to the lower house to slash university debt for three million Australians by 20 per cent. The coalition is expected to support the move which will wipe $16 billion off student debt but is waiting to see the fine print. People with an average HELP debt of $27,600 will have $5520 wiped from their loans. The government has also said it will this week introduce childcare reform aimed at improving safety measures. Labor returns to parliament with a lion's share of 94 seats, to the coalition's 43 in the lower house. Melbourne MP Sarah Witty, who defeated former Greens leader Adam Bandt at the election, gave a heartfelt first speech to parliament on Tuesday evening. She tearfully spoke of enduring "heartache after heartache" for more than a decade after experiencing pregnancy loss. "We grieve deeply," she said. "I opened myself to a new path. I stepped into the world of foster care, not out of ease, but out of a deep need to turn my pain into something positive." Ms Witty said her experience taking care of children in need would shape her approach as an elected parliamentarian. Griffith MP Renee Coffey, who wrested back Kevin Rudd's old seat for Labor from the Greens, spoke of the kindness former rival Max Chandler-Mather had shown her following a confronting interaction with a voter. "On election day, I was stunned when a voter told me he couldn't possibly vote for me because I have MS and he couldn't be represented in parliament by someone who could be in a wheelchair," she said. "It knocked the wind out of me. In a strange turn of fate, it was the then-member for Griffith, Max Chandler-Mather, who saw me step away from that interaction. "And the kind words of support he offered me, I will never forget." Pomp and ceremony out of the way, federal politicians will get back to work as parliamentary business resumes. The 48th parliament officially opened with a day of pageantry, which included a traditional church service and smoking ceremony before politicians were sworn in. Prime Minister Anthony Albanese and Opposition Leader Sussan Ley will square off in parliament as rival party leaders for the first time on Wednesday. Education Minister Jason Clare will deliver on Labor's election promise by introducing legislation to the lower house to slash university debt for three million Australians by 20 per cent. The coalition is expected to support the move which will wipe $16 billion off student debt but is waiting to see the fine print. People with an average HELP debt of $27,600 will have $5520 wiped from their loans. The government has also said it will this week introduce childcare reform aimed at improving safety measures. Labor returns to parliament with a lion's share of 94 seats, to the coalition's 43 in the lower house. Melbourne MP Sarah Witty, who defeated former Greens leader Adam Bandt at the election, gave a heartfelt first speech to parliament on Tuesday evening. She tearfully spoke of enduring "heartache after heartache" for more than a decade after experiencing pregnancy loss. "We grieve deeply," she said. "I opened myself to a new path. I stepped into the world of foster care, not out of ease, but out of a deep need to turn my pain into something positive." Ms Witty said her experience taking care of children in need would shape her approach as an elected parliamentarian. Griffith MP Renee Coffey, who wrested back Kevin Rudd's old seat for Labor from the Greens, spoke of the kindness former rival Max Chandler-Mather had shown her following a confronting interaction with a voter. "On election day, I was stunned when a voter told me he couldn't possibly vote for me because I have MS and he couldn't be represented in parliament by someone who could be in a wheelchair," she said. "It knocked the wind out of me. In a strange turn of fate, it was the then-member for Griffith, Max Chandler-Mather, who saw me step away from that interaction. "And the kind words of support he offered me, I will never forget." Pomp and ceremony out of the way, federal politicians will get back to work as parliamentary business resumes. The 48th parliament officially opened with a day of pageantry, which included a traditional church service and smoking ceremony before politicians were sworn in. Prime Minister Anthony Albanese and Opposition Leader Sussan Ley will square off in parliament as rival party leaders for the first time on Wednesday. Education Minister Jason Clare will deliver on Labor's election promise by introducing legislation to the lower house to slash university debt for three million Australians by 20 per cent. The coalition is expected to support the move which will wipe $16 billion off student debt but is waiting to see the fine print. People with an average HELP debt of $27,600 will have $5520 wiped from their loans. The government has also said it will this week introduce childcare reform aimed at improving safety measures. Labor returns to parliament with a lion's share of 94 seats, to the coalition's 43 in the lower house. Melbourne MP Sarah Witty, who defeated former Greens leader Adam Bandt at the election, gave a heartfelt first speech to parliament on Tuesday evening. She tearfully spoke of enduring "heartache after heartache" for more than a decade after experiencing pregnancy loss. "We grieve deeply," she said. "I opened myself to a new path. I stepped into the world of foster care, not out of ease, but out of a deep need to turn my pain into something positive." Ms Witty said her experience taking care of children in need would shape her approach as an elected parliamentarian. Griffith MP Renee Coffey, who wrested back Kevin Rudd's old seat for Labor from the Greens, spoke of the kindness former rival Max Chandler-Mather had shown her following a confronting interaction with a voter. "On election day, I was stunned when a voter told me he couldn't possibly vote for me because I have MS and he couldn't be represented in parliament by someone who could be in a wheelchair," she said. "It knocked the wind out of me. In a strange turn of fate, it was the then-member for Griffith, Max Chandler-Mather, who saw me step away from that interaction. "And the kind words of support he offered me, I will never forget."