Inquiry into the Universities Accord (Student Support and Other Measures) Bill 2024 [Provisions]

ACCI largely supports the measures in this Bill and commends the Government’s decision to change the way HECS-HELP loan indexation is calculated. Capping the HELP indexation rate to be the lower of either the Consumer Price Index (CPI) or the Wage Price Index (WPI) is a useful way to ensure that inflationary circumstances similar to those of the last two years do not unintentionally pervert the intentions of Australia’s world-leading student loan system in the future.