Government Eases HELP Debt Rules for Home Loan Applicants
Federal Treasurer Jim Chalmers has directed both the Australian Securities and Investments Commission (ASIC) and the Australian Prudential Regulation Authority (APRA) to revise their approach to Higher Education Loan Program (HELP) debts when evaluating mortgage applications. Under current responsible lending rules, lenders must assess student debt similarly to other debts like credit cards or personal…

