A one-off HECS debt reduction for university students is all but set after the federal opposition confirmed it would back the proposal.

Laws to cut 20 per cent off the HECS bill for students passed the House of Representatives on Tuesday, which would slash $5500 from the average debt.

The proposal was a major Labor election commitment and the first legislation introduced to the new parliament.

Despite the coalition saying during the campaign it would not support the debt cut, new leader Sussan Ley said the opposition would not stand in the way.

“We do care about students who are struggling with the cost of living, and I…

As President Donald Trump plots to halt student loan forgiveness for many government and nonprofit workers, his administration is offering a special type of debt relief to one category of workers: new ICE agents. 

The Department of Homeland Security announced on Tuesday it will offer student loan forgiveness and repayment options to new Immigration and Customs Enforcement recruits — along with a $50,000 signing bonus. 

The announcement comes as the Trump administration works to limit the Public Service Loan Forgiveness program for groups the president considers political enemies. Since 2007, borrowers employed by the government or nonprofit organizations serving a wide range of public interest causes have been eligible for…

By adopting frameworks that reflect global standards, South Africa positions itself as a beacon of stability and resilience

03 August 2025 – 00:00 By Bridget Letsholo

In an ever-changing economic environment, South Africa’s approach to insolvency law speaks volumes about its commitment to maintaining the balance between the rights of debtors and the expectations of creditors. As an attorney in this intricate domain, I have seen the pivotal role that well-structured statutory frameworks play in managing distressed entities and facilitating their potential rehabilitation…

Joseph Dresselhaus GmbH & Co KG has filed for self administration proceedings with the competent district court in Bielefeld to reorganise itself using the instruments of the Insolvency Code. The court granted the application and confirmed the provisional self administration, paving the way for a comprehensive restructuring of the Herford-based group of companies.

Verlag INDat GmbH reports that this decision is based on the ongoing economic challenges facing Dresselhaus. As part of the self administration process, all available restructuring options are now being examined to ensure the long-term…

The National Oil Corporation of Kenya (NOCK) has been declared “technically insolvent” by a parliamentary watchdog committee, which has now ordered a special audit into the agency’s operations.

According to the National Assembly’s Public Investments Committee on Commercial Affairs and Energy, NOCK is unable to meet its recurrent expenditures, owes over Sh7.4 billion in debt, and is at risk of defaulting on loans from major banks.

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BREAKING NEWS: Healthcare equipment maker goes into liquidation

Healthcare equipment maker NRS Healthcare has gone into liquidation with a winding-up order having been issued.

Official Receiver Gareth Jonathan Allen has been appointed as liquidator of the business.

Mark James Tobias Banfield, Edward Williams, Helen Laura Wheeler-Jones, Adam Seres and David James Kelly of PwC have been…