Second Reading Speeches

Education and Other Legislation Amendment (Abolishing Indexation and Raising the Minimum Repayment Income for Education and Training Loans) Bill 2022

Type
Private
Sponsor(s)
FARUQI, Sen Mehreen
Originating house
Senate
Status
Before Senate
Parliament no
47

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Summary

Amends the:

Higher Education Support Act 2003
,
Social Security Act 1991
,
Student Assistance Act 1973
,
Trade Support Loans Act 2014
and
VET Student Loans Act 2016
to remove indexation on certain education and training loans; and
Higher Education Support Act 2003
,
Social Security Act 1991
and
Student Assistance Act 1973
to: define 'median wage'; and raise the minimum repayment income and amend the percentage of income a person is liable to repay the Commonwealth for certain education and training loans.

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