THE HON JASON CLARE MP
MINISTER FOR EDUCATION

Three million Australians will see $3 billion wiped from their student debt after the Albanese Government passed legislation through the Parliament tonight.

This legislation fixes the way indexation is calculated on student debt and will be backdated to 1 June 2023.

The Universities Accord (Student Support and Other Measures) Bill 2024 caps the HELP indexation rate to the lower of either the Consumer Price Index (CPI) or the Wage Price Index (WPI).

This change applies to HELP, VET Student Loan, Australian Apprenticeship Support Loan and other student support loans.

This will benefit all Australians with a student debt, fixing last year’s spike in the indexation of 7.1 per cent and…

Instead, it was found that they had received a fraudulent payment request from a third party designed to look like a legitimate request from the existing investee company at the time of an expected drawdown of funds, NTMA Chief Executive Frank O’Connor said at a news conference.

ISIF, which invests in companies…

The Delhi Bench of the National Company Law Appellate Tribunal (NCLAT) rejected the appellant’s corporate guarantee claim as time-barred and held that the 388-day delay violates the provisions of Section 12 of the Insolvency and Bankruptcy Code, 2016.

In this case, the appeal was filed by Moneywise Financial Services Private Limited under Section 61 of the Insolvency and Bankruptcy Code, 2016, National Company Law Tribunal, New Delhi Bench.

Coming to the facts of the case, the appellant is the Financial Creditor of the Corporate

Debtor, M/s Dream Procon Pvt. Ltd., and granted a loan of Rs. 5 crores to the latter for the

construction of a real estate project. Indirapuram Habitat Centre Pvt. Ltd. (IHCPL), a…

“The kids of today” is often said with a sigh – but perhaps it’s time to rethink that. According to Sanlam’s 2025 Credit Confidence Index, Gen Z’s appetite for early credit education puts it ahead of Millennials and Gen X, and they may be the generation to help rewrite South Africa’s credit story.

Right now, that story reads more like a financial horror. DebtBusters’ Q1 2025 Debt Index shows a record number of South Africans relying on personal and payday loans to get by. The debt management and counselling company’s executive head, Benay Sager, says personal loans have become a lifeline as incomes fail to keep pace with soaring living costs – particularly electricity and fuel.

Despite inflation easing, the…

Cairo, 10 July 2025 (ECA) – The UN Economic Commission for Africa (ECA), in collaboration with Global Sovereign Advisory (GSA) and the Government of Egypt, concluded today in Cairo (Egypt) a four-day capacity building workshop on Debt Sustainability Analysis (DSA).

About 35 officials from the Egyptian Ministry of Finance, the Ministry of Planning, Economic Development and International Cooperation and External Debt Committee benefited from the training, which aimed to boost sustainable debt management practices through a combination of theory, exercises, best practices and guidelines tailored to the national needs. 

Key topics included borrowing cost analysis, financial and economic implications of sovereign debt, national debt…

The Insolvency Law Academy (ILA) is pleased to announce that its 4th Annual Conference will be held from 24 to 26 January 2026 at the Ramoji Film City in Hyderabad, India.

Founded by Sumant Batra (International Fellow of the American College of Bankruptcy and past President of INSOL International), the ILA is a leading think tank committed to advancing insolvency law and policy. Since its inception, the ILA Conference has become a key international forum for scholarly and professional engagement in the field.

First launched four years ago, the ILA Conference has developed a distinctive reputation for its interdisciplinary format, bringing together academics, judges, practitioners, and regulators in mixed-panel discussions on topical…

Sweden is preparing to introduce a far-reaching ban on gambling with credit in a move aimed at protecting consumers and promoting a more sustainable gaming environment. Under the newly proposed legislation, gambling operators and agents licensed in Sweden would be strictly prohibited from accepting any bets financed with borrowed money, whether through credit cards or third-party credit providers.

Expanding the scope of existing restrictions:

The proposed changes build on the current Gambling Act, which already restricts certain credit-based transactions but has, according to the government, left significant gaps that enable players to gamble with credit from sources outside the scope of regulated operators.

As it…

Gamblers sounded the alarm over a new provision in President Donald Trump’s recently passed spending bill that imposes a $1.1 billion tax increase by limiting the deductibility of gambling losses.

The change, buried in the Senate GOP’s version of the sweeping “Big Beautiful Bill,” will cut their net winnings and potentially charge income tax when they break even or lose money, according to Bloomberg.

Under current law, gamblers are allowed to deduct 100% of their losses, up to the amount of their gambling winnings. But the final version of the legislation — set to be signed by Trump during a White House ceremony Friday — modifies that rule.

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