The regulator’s review of the debt management and credit repair industry is a critical and long-awaited step toward protecting consumers and restoring industry trust, says Victoria Coster, CEO of credit repair company Credit Fix Solutions. This week, the Australian Securities and Investments Commission (ASIC) launched a comprehensive review into the debt management and credit repair…
Young Australians say they are still facing decades of repayments for their student loans, despite Labor introducing a bill to slash HECS debts by 20 percent. Education Minister Jason Clare tabled the bill on Wednesday as the re-elected Albanese government’s first act in parliament. Clare said the legislation would cut the debt of three million…
July 23, 2025 18:46 | News Students and graduates will soon receive a cut to higher education debts but advocates say the government must do more to make university fees fairer. Legislation was introduced to parliament on Wednesday to slash HECS debts by 20 per cent and increase income thresholds before minimum repayments kick in.…
Video: Childcare reforms, HECS debt relief on agenda as parliament resumes Childcare reforms, HECS debt relief on agenda as parliament resumes We’re sorry, this feature is currently unavailable. We’re working to restore it. Please try again later. Dismiss Skip to sections navigationSkip to contentSkip to footer The government is introducing urgent childcare sector reforms and…
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The global health impacts of gambling are much worse than previously thought, according to an international medical journal. The new report by the Lancet Public Health Commission, which involved experts ranging from gambling studies, public health, global health policy, risk control and regulatory policy, called for stronger regulation. “Our conclusion is clear: gambling poses a…
From bets to breakdown: Youngsters spiralling into gambling debt; rehab struggles to keep up Times of India Read the original article here
Analysis conducted by the Parliamentary Library shows that Labor’s much-touted 20% student-debt cut collapses to a mere 7.9% once indexation since their election in 2022 is accounted for. In other words, the impact of the 20% student debt cut is severely diminished by indexation, even after the Government’s changes to indexation by tying it to…
A Gold Coast businessman has been accused of spending almost $40 million of investors’ money at the casino. After an ASIC investigation, the Federal Court has appointed receivers to 13 companies run by NDIS property developer David George McWilliams. The corporate watchdog launched action against the developer and his wife Laura Fullarton after a tip-off…
The Albanese government’s 20% cut to student debt is the first bill introduced to the new federal parliament. It is clever politics. In the government’s first term, the 3 million Australians with a student debt turned high indexation of their loan balances into a major issue. The proposed 20% cut flipped a political negative into…