Universities Accord (Cutting Student Debt by 20 Per Cent) Bill 2025

Senator WALSH (Victoria—Minister for Early Childhood Education and Minister for Youth) (11:45): The bill before us reduces HECS debts by 20 per cent, and it's $16 billion out of the accounts of Australians who have a HECS debt. The way in which that will be provided for is through the budget, and it's a fully costed policy in the budget.