Summary

Amends the: Higher Education Support Act 2003 to: increase the maximum student contributions by 1.8 per cent for four years from 2018; adjust the Commonwealth contribution amounts from 2018 to 2021 to reflect the increased student contribution amounts; apply an efficiency dividend of 2.5 per cent per annum to grants under the Commonwealth Grant Scheme (CGS) in 2018 and 2019; extend the medical student loading to include veterinary science and dentistry units of study from 2018; expand the demand driven funding system to include approved sub-bachelor courses at public universities from 2018; require enabling course students to pay a student contribution amount for any units of study with census dates on or after 1 January 2018; allocate enabling courses on a cyclical basis through a three-year tender process from 2019; introduce performance-contingent funding under the CGS; reduce the Higher Education Loan Program minimum repayment income to $41 999 and replace the current repayment thresholds with new ones, including additional repayment thresholds and rates; index repayment thresholds to the consumer price index rather than average weekly earnings; restructure the Higher Education Participation and Partnerships Program to include new student loading for students from low socioeconomic backgrounds, annual performance funding and grants for a National Priorities Pool; and make minor and technical amendments; Income Tax Assessment Act 1997 to make consequential amendments; and Higher Education Support Act 2003 and VET Student Loans Act 2016 to: extend access to student loans to most Australian permanent residents and most New Zealand citizens while removing their entitlement to a Commonwealth supported place from 1 January 2018; and preserve current eligibility arrangements for several cohorts.