Universities Accord (Student Support and Other Measures) Bill 2024

The majority voted against an amendment introduced by NSW Senator Mehreen Faruqi (Greens), which means it failed.

Amendment text

(1) Clause 2, page 2 (table item 2), omit "Part 1".

(2) Clause 2, page 2 (table items 3 to 6), omit the table items.

(3) Schedule 1, page 4 (line 1) to page 28 (line 10), omit the Schedule, substitute:

Schedule 1 — Ending HELP indexation

Higher Education Support Act 2003

1 Subsection 140-5(1)

Repeal the subsection (not including the method statement), substitute:

(1) A person's former accumulated HELP debt, in relation to the person's accumulated HELP debt for a financial year, is the amount worked out using the following method statement:

2 Sections 140-10 and 140-20

Repeal the sections.

3 Subclause 1(1) of Schedule 1 (definition of HELP debt indexation factor )

Repeal the definition.

4 Application of amendments

The amendments of the Higher Education Support Act 2003 made by this Schedule apply in relation to a person's accumulated HELP debt for a financial year that begins on or after 1 July 2025.