Australian grads abroad owe $1b in HECS-HELP debt and indexation will add $70m, ATO data shows – ABC News

Australian graduates overseas owe just over $1 billion in HECS-HELP loans, according to analysis of Australian Tax Office (ATO) data. They make up about 1.3 per cent of all HECS debtors, and about the same proportion of the country’s $74 billion total HECS debt. A historically high 7.1 per cent indexation will add another $70 million to what’s owed by…

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Tears and relief as Porter Davis scheme expands to more customers of failed builders – The Age

By Rachel Eddie Updated July 1, 2023 6.31pmfirst published at 6.13pm Hundreds of customers of failed builders who faced losing tens of thousands of dollars will be compensated under a $13 million expansion of a government rescue package triggered by the collapse of Porter Davis. Premier Daniel Andrews in April launched a $15 million package…

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Tears and relief as Porter Davis scheme expands to more customers of failed builders – Brisbane Times

Support will be capped at $50,000 each, meaning some customers of Hallbury Homes will still be out of pocket, having paid deposits valued up to $94,000. Sushant Chakravarty said he and his wife Anamica still faced losing about $25,000 after Hallbury went under and left their lot in Officer empty. Chakravarty was relieved on Saturday…

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