First Nations Australians are being systematically excluded from accessing their superannuation — in retirement, during hardship, and even after death — according to new research from Super Consumers Australia and Mob Strong Debt Help. The report, which surveyed 99 First Nations consumers in the Eastern Arnhem region and consulted 19 financial counsellors nationwide, has revealed…
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.…
Politics The 20% HECS debt discount has been introduced to Parliament thedailyaus.com.au Read the original article here
Big issue looming on HECS debt vow The Australian Read the original article here
Major banks are beginning to exclude student debt in their serviceability criteria. Picture: NewsWire / Nicholas Eagar National Australia Bank has become the latest lender to ignore some Higher Education Loan Program debt when assessing new home loans. From July 31, NAB says if someone owes $20,000 or less in student debt, it won’t affect…
The Australian Securities and Investments Commission (ASIC) has announced a probe into credit repair and debt management services amid reports of dishonest practices. The investigation aims to weed out those exploiting financially vulnerable consumers by not meeting debt management terms, charging high fees, or not communicating adequately with customers. ASIC said it is concerned some…
The Albanese government’s 20% cut to student debt is the first bill introduced to the new federal parliament. It’s clever politics. In the government’s first term, the three 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 a positive…
The Australian Securities and Investments Commission (ASIC) has announced a probe into credit repair and debt management services amid reports of dishonest practices. The investigation aims to weed out those exploiting financially vulnerable consumers by not meeting debt management terms, charging high fees, or not communicating adequately with customers. ASIC said it is concerned some…