20 Dec 2017 | Archive
Economics and Industry Policy
Higher Education
– a freeze on total Commonwealth Grant Scheme (CGS) funding from 1 January 2018, set at 2017 funding levels, for bachelor degree courses in 2018 and 2019. This was expected, and replaces the previous proposal for an efficiency dividend. We have called across-the-board funding changes a blunt instrument but it is fiscally responsible given that the universities have refused to engage in reform discussions. The freezing of the CGS is projected to be a cut of $2.1 billion to universities over the forward estimates, but as mentioned still better than the net impact of the previous reforms.
– performance targets for universities to determine the growth in their CGS funding for bachelor degrees from 2020, which would be capped at the growth rate in the 18-64 year old population; We support the proposition that at least some funding should be performance based. This initiative may have the effect of capping places pegged to the population growth rate, but more analysis is needed.
– from 1 July 2018, revised repayment thresholds under the Higher Education Loan Program (HELP) that include a new minimum threshold of $45,000 with a 1 per cent repayment rate and a maximum threshold of $131,989 with a 10 per cent repayment rate. The current threshold is $55,874 and the earlier higher education reforms proposed $42,000. The current maximum is $103,000 with a 8% repayment. We supported lowering the minimum threshold based on evidence that most impact will fall on higher income households with part time employment.
– from 1 January 2019, a combined lifetime limit for all tuition fee assistance under HECS-HELP, FEE-HELP, VET FEE-HELP and VET Student Loans of $104,440 for most students and $150,000 for students undertaking medicine, dentistry and veterinary science courses; and
– from 1 January 2019, a new allocation mechanism based on institutional outcomes and industry needs for sub-bachelor and postgraduate Commonwealth Supported Places. This is in line with our PBS that indicates that sub-bachelor and post-graduate funding needs to be reviewed. University of Melbourne may be concerned about this as their model attracts a strong share of the existing post-graduate supported payments.
– The Government will also align the repayment thresholds for the Student Financial Supplement Scheme (SFSS) with the new HELP repayment thresholds. From 1 July 2019, SFSS loans will be repaid after the repayment of HELP loans.
– $7 m in 2017/18 to accommodate the Menzies Institute and Library at the University of Melbourne.
– An extra $1.9 million to TEQSA in 2017-18 to meet an increased regulatory workload and enhance compliance capability.
VET
Schools
Child Care
Welfare
Employment
Adult Migration English Program (AMEP)
Tourism
13/09/2019
The Australian Chamber is delighted to announce Bryan Clark, Director of ACCI Trade & International Affairs, has been appointed to the Government’s Deregulation Taskforce, announced...
8/08/2019
The Australian Chamber is calling on the country's political leaders to agree to reform our vital Vocation Education and Training (VET) system, to deliver the skills...
6/08/2019
The Australian Chamber backs the latest call for greater balance in the unfair dismissal system to better support small business owners trying to do the right...
5/08/2019
The Australian Chamber of Commerce and Industry welcomes today’s announcement that the Productivity Commission will focus on streamlining regulation in the resources sector. "The joint announcement...
30/07/2019
By James Pearson, Chief Executive Officer In August 1985 Bob Hawke proclaimed that the Australian government had had enough of “the Building Labourers Federation’s complete...
23/07/2019
The Government has called time on union officials with deep pockets, arrogant attitudes, and combative lawyers thumbing their nose at our laws, our courts and...
22/07/2019
By James Pearson It's the year 2030. China has overtaken the US as the world's largest economy. The fastest growing cities are located in...
18/07/2019
The Australian Chamber of Commerce and Industry (ACCI), Australia’s employer representative to the United Nations’ International Labour Organisation (ILO), says union opposition to proposed legislation...
18/07/2019
Today’s release of a report on Government-funded vocational training by the National Centre for Vocational Education Research (NCVER) showing a further decline in investment, reinforces the...
4/07/2019
The Australian Chamber of Commerce and Industry, Australia’s largest and most representative business network, warmly welcomes the passage of the personal income tax package through the Senate. “The...
4/07/2019
Australia's largest and most representative business network, the Australian Chamber of Commerce and Industry welcomes the Federal Government's reintroduction of the Fair Work (Registered Organisations)...
1/07/2019
Australia’s largest and most representative business network, the Australian Chamber of Commerce and Industry calls on the Parliament to pass the Government’s personal income tax...
1/07/2019
Australian Chamber – Tourism, the peak body of Australia’s tourism organisations welcomes the expansion of the Working Holiday Maker visa program. “The Australian Chamber-Tourism has...
24/06/2019
Australia’s largest and most representative business network, the Australian Chamber of Commerce and Industry, welcomes the Prime Minister’s commitment to review Australia’s Industrial Relations system...
19/06/2019
Australian Chamber – Tourism, the peak body of Australia’s tourism organisations, acknowledges the release of the International Visitors Survey today. The survey shows strong performance for...
18/06/2019
The Australian Chamber of Commerce and Industry – Westpac Survey of Industrial Trends for the June quarter 2019 released today, shows a slowing in manufacturing business...
11/06/2019
By James Pearson With the final seats being declared in the federal election, the government and opposition frontbench teams in place and parliament set to...
5/06/2019
The Australian Chamber of Commerce and Industry, Australia’s largest and most representative business network, today expressed disappointment at the latest National Accounts figures showing lower...
4/06/2019
The Reserve Bank Board’s decision to lower the cash rate to 1.25% today has been welcomed by Australia’s largest business network, the Australian Chamber of...
3/06/2019
Australia’s largest business network, the Australian Chamber of Commerce and Industry, congratulates the new Labor Shadow Ministry on their appointments and welcomes Federal Opposition Leader Anthony...