Before this bill, HELPThe student loan system covered by this bill, where debt grows each year through indexation and can now receive a backdated credit. debts were indexed each 1 June using CPIThe inflation measure used on this page to work out how much student debt would have risen under the old rules. alone, students on compulsory teaching, nursing, midwifery and social work placements had no Commonwealth prac paymentA new federal payment for eligible students on compulsory placements in courses like teaching, nursing, midwifery and social work., universities controlled most SSAFA fee universities collect from students, with the bill requiring at least 40 per cent of that money to go to student-led organisations. spending, and federal law still had to be updated for fee-free entry pathways and the Adelaide UniversityThe new university created through the merger of the University of South Australia and the University of Adelaide, which the bill updates in federal law. merger. Introduced in August 2024, the bill responded by capping HELPThe student loan system covered by this bill, where debt grows each year through indexation and can now receive a backdated credit. indexation at the lower of inflation or wages, creating paid placements and a funded Uni Ready category, requiring 40% of SSAFA fee universities collect from students, with the bill requiring at least 40 per cent of that money to go to student-led organisations. revenue to go to student-led organisations, and after Royal AssentThe point when the bill became an Act and its measures could start taking legal effect. on 5 December 2024 it enabled backdated HELPThe student loan system covered by this bill, where debt grows each year through indexation and can now receive a backdated credit. credits from 1 June 2023 while setting Adelaide merger changes to commence by proclamation or by 31 March 2026.
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01 June 2023
HELPThe student loan system covered by this bill, where debt grows each year through indexation and can now receive a backdated credit. debts kept being indexed under the old CPIThe inflation measure used on this page to work out how much student debt would have risen under the old rules.-only rule
The Act later made its new lower-of-CPIThe inflation measure used on this page to work out how much student debt would have risen under the old rules.-or-wages formula apply back to this indexation date so eligible borrowers would receive a credit for excess indexation.
Universities Accord (Student Support and Other Measures) explanatory memorandum ↗
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15 Aug 2024
Government introduces a bill to cut student debt growth and add student support
The bill was presented with measures covering HELPThe student loan system covered by this bill, where debt grows each year through indexation and can now receive a backdated credit. indexation, paid placements, fee-free Uni Ready coursesThe renamed pathway courses that help students prepare for university and are given their own Commonwealth funding category., student control of part of SSAFA fee universities collect from students, with the bill requiring at least 40 per cent of that money to go to student-led organisations. revenue and Adelaide UniversityThe new university created through the merger of the University of South Australia and the University of Adelaide, which the bill updates in federal law. transition arrangements.
Parliamentary timeline ↗
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26 Nov 2024
Parliament passes the bill
Both houses agreed to the same package, clearing the way for backdated HELPThe student loan system covered by this bill, where debt grows each year through indexation and can now receive a backdated credit. relief and the new student support and university transition measures to become law.
Parliamentary timeline ↗
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05 Dec 2024
Royal AssentThe point when the bill became an Act and its measures could start taking legal effect. makes the package law
The bill became an Act, allowing the Commonwealth to implement the HELPThe student loan system covered by this bill, where debt grows each year through indexation and can now receive a backdated credit. credit changes, new placement payments, Uni Ready funding and SSAFA fee universities collect from students, with the bill requiring at least 40 per cent of that money to go to student-led organisations. rules.
Parliamentary timeline ↗
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31 Mar 2026
Adelaide UniversityThe new university created through the merger of the University of South Australia and the University of Adelaide, which the bill updates in federal law. transition changes must start by this date if not proclaimed earlier
The merger provisions were given a proclamation-based start with 31 March 2026 as the latest commencement date to align Commonwealth higher education law with the new university.
Universities Accord (Student Support and Other Measures) explanatory memorandum ↗