Question Time AU

Bill Debate · Second Reading

Higher Education Support Amendment (Fix HECS) Bill 2026; Second Reading

House of Representatives · Monday 29 June 2026

Official Hansard for this day (APH) · Read this debate on OpenAustralia

At a glance

The debate concerned a private member's bill to amend the timing of HECS-HELP indexation to prevent graduates from being charged on repayments already made. Independent members Monique Ryan and Zali Steggall argued that the current system imposes an unfair financial burden by indexing debt before crediting withholdings. They contended that moving the indexation date to 1 November, rather than 1 June, would save graduates billions of dollars with minimal cost to the budget. Both speakers urged the government to adopt the reform to ensure fairness in the student loan system.

Summary in reported speech - not a transcript. AI-generated, so check the official record before quoting.

How the debate unfolded

Opened the debate

Ryan moved the motion for the second reading of the bill, arguing that the current HECS system imposes an unfair burden on graduates by indexing debt before crediting repayments made during the financial year. Ryan stated that this mechanism effectively charges interest on money already repaid, costing graduates over $3 billion over ten years. The proposed legislation would shift the annual indexation date from 1 June to 1 November, ensuring repayments are credited before indexation is applied. Ryan noted that the Parliamentary Budget Office estimated the net headline cash impact to the budget would be $374 million, offset by $819 million in additional principal repayments. Ryan characterised the change as a simple, fair, and long-overdue fix to a structural inequity.