Insolvency Guardian Media Centre

Stay informed with the latest in insolvency news and industry updates. We can keep you up to date with insolvency and finance information from around the world.
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Billions of dollars of student debt have been wiped from the accounts of 100,000 Australians.The Albanese government's pre-election promise to
Dale Laverick and Alessandro Da Silva ignored the mounting debts of K and L Restaurants Ltd, attempting to lease luxury
Key Points Transform Schools (Stoke) Ltd entered creditors voluntary liquidation before completing £7.2 million of required repairs for 88 Stoke-on-Trent

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Billions of dollars of student debt have been wiped from the accounts of 100,000 Australians.

The Albanese government’s pre-election promise to ease student loan debt passed parliament in August and has begun to roll out from today.

About three million Australians will have a total of $16 billion of all student loans, including HELP, VET, apprenticeship support loans and student startup loans.

Education Minister Jason Clare said it was the “biggest cut in student debt ever”. (Nine)

The first 100,000 people will see their debt slashed from today, with another three million to follow in the next fortnight. 

Australians will receive a text message or email from the Australian Tax Office when the changes are automatically applied.