this post was submitted on 04 May 2024
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[–] gumnut@aussie.zone 24 points 6 months ago (1 children)

The policy will be backdated to June 1 2023

Excellent!

[–] veroxii@aussie.zone 11 points 6 months ago

Yeah that's pretty good especially for people who made extra payments that year.

[–] Aurenkin@sh.itjust.works 5 points 6 months ago (1 children)

I got a fairly sizable hecs debt that took me quite a while to work off. I'm glad folks are getting a bit of help, it really sounds like it should have worked like this since they introduced indexation to hecs to be honest.

[–] Nath@aussie.zone 2 points 6 months ago

Being clear: nobody is getting their debt "wiped out". This isn't a debt forgiveness that you missed out on by already having paid your loan off. The HECS indexation last year resulted in unfair loan interest of 7.1% being applied to debts for 2023. HECS was never intended to do that to people. The "wipe out" is an adjustment of this interest only for last year.

[–] slazer2au@lemmy.world 1 points 6 months ago
[–] autotldr@lemmings.world 0 points 6 months ago (1 children)

This is the best summary I could come up with:


"This will wipe out what happened last year and make sure it never happens again," he said.


The original article contains 17 words, the summary contains 17 words. Saved 0%. I'm a bot and I'm open source!

[–] BNE@lemmy.blahaj.zone 3 points 6 months ago

The original article contains 17 words, the summary contains 17 words. Saved 0%.

Good bot!