Universities face new tax over student loans

Posted by on March 17, 2022 · Leave a Comment 

Australia’s higher education institutions face a heavy and unexpected new tax for every student who takes out a federal loan to cover the cost of their studies.

Under unusual legislation introduced in federal parliament, universities will become liable to pay the tax every year to support the cost of running Australia’s novel student loan scheme.

The government has endured upheaval after dumping its former prime minister Malcolm Turnbull and replacing him with former treasurer Scott Morrison. Read more

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