“The passage of this important legislation through the Parliament is a big win for university students and graduates,” Universities Australia Chief Executive Officer Luke Sheehy said.

“It recognises the importance of university graduates to Australia’s future and will make a positive difference at a time when many Australians are struggling with the high cost of living.

“Our country needs a strong pipeline of skilled workers to drive our productivity and economic growth, which means we need to be opening the door to university to more Australians.

“The Government’s pro-student measures will help with this, and I want to thank Minister Clare for bringing them forward as a priority.

“We’ll continue to work with the Government to overcome any administrative burdens associated with these measures, so they are implemented efficiently and effectively for the benefit of students.”