The federal government’s 20 per cent HECS reduction scheme has resulted in some Australian taxpayers inadvertently losing unnecessary money from their paycheques.
Nearly three million Australians have an average of $5500 in HECS debts owing to the government – and this debt is paid off slowly through compulsory repayments.
The relief was applied to balances that were still active on June 1, 2025 and has helped some taxpayers clear their debt after years.
But if you’ve forgotten to tell your employer to stop garnishing your wages for fully-paid HECS debts, you might need to act fast.