The Liberal and National Government continues to clean up labor's disastrous VET FEE help scheme

Media Release
  • Minister for Small and Family Business, Skills and Vocational Education

Minister for Small and Family Business, Skills and Vocational Education Senator Michaelia Cash today welcomed the passage of legislation in the Senate to address the burden of unfair debts incurred by vulnerable students under Labor’s failed VET FEE-HELP scheme.

The Higher Education Support Amendment (VET FEE-HELP Student Protection) Bill 2018 gives new powers to the Secretary of the Department of Education and Training to remit VET FEE-HELP debts incurred inappropriately.

The new measures commence on 1 January 2019 and will assist eligible students who have incurred thousands of dollars in debts under Labor’s failed VET FEE-HELP scheme. 
 
Minister Cash said the changes will provide relief to students with potentially significant VET FEE-HELP debt and restore integrity to the sector. 

“VET FEE-HELP is a lesson in how bad policy can affect the lives of thousands of people,” Minister Cash said. 

“The measures will ensure eligible vulnerable students can escape the shackles of debt wrongly incurred, and get on with developing skills and finding employment.”

Minister Cash said the new legislation is the next step in addressing Labor’s failed VET FEE-HELP scheme.

The replacement student support system – the VET Student Loans (VSL) program – is improving unit completion rates and restoring much-needed confidence to Australia’s world-class VET sector. 

“Our government is not just committed to fixing Labor’s VET FEE-HELP fiasco, but to improving and giving confidence back into Australia’s VET sector.

“The Liberal National Government knows that by investing in VET we are investing in the future of the Australian workforce and the benefits this brings to our economy.

“The VET sector is one of the cornerstones of our economy. A skilled workforce drives growth support small and family businesses to thrive and fuels the engine-room of Australia’s future prosperity.”

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