Legislation to overhaul Australia’s student loans scheme is likely to be introduced retrospectively, with the government facing a challenging timetable to implement its changes.
Times Higher Education understands that the government intends to introduce legislation giving effect to the two major components of the reforms – new repayment arrangements, and a 20 per cent debt wipe-down – simultaneously, and possibly in the same bill.
Prime minister Anthony Albanese has said the debt reduction measure will be the first piece of legislation he introduces if he wins next year’s federal election, which must take place by 24 May. The debt reduction measure would be applied on 1 June, with the new repayment arrangements…
