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!
Good
The policy will be backdated to June 1 2023
Excellent!
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.
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.
