The Albanese Labor Government will cut a further 20 per cent off all student loan debts, wiping around $16 billion in student debt for around three million Australians.

By 1 June next year, the Government will cut 20 per cent off all student loans to reduce the debt burden for Australians with a student loan. 

This will cut around $16 billion in debt, including all HELP, VET Student Loan, Australian Apprenticeship Support Loan and other income-contingent student support loan accounts that exist on 1 June next year.

The Albanese Labor Government will raise the minimum repayment threshold for student loans and cut repayment rates to make the repayment system fairer for all Australians with a student debt – around 3 million people.

From 1 July next year, the Government will reduce the amount Australians with a student debt have to repay per year and raise the threshold when people need to start repaying.

The reforms will apply to everyone who has a student debt, including all HELP, VET Student Loan, Australian Apprenticeship Support Loan and other student support loans.

SHARON CLAYDON, MEMBER FOR NEWCASTLE: It is such an exciting day to be welcoming both the Prime Minister of Australia, the New South Wales Premier, our respective Ministers of TAFE and Skills from the Federal and State. All of my Hunter colleagues are present here – both State and Federal – because we all know just how important it is to be having, to be hosting a TAFE Centre of Excellence around net zero manufacturing here in the Newcastle-Hunter region. We've got a lot at stake.

The Albanese Labor Government is backing home-grown innovation, regional jobs and a Future Made in Australia – with the country’s first commercial Concentrated Solar Thermal (CST) heat plant to be built in Victoria.

The development of the plant at the Mars Petcare facility in Wodonga will be backed by more than $17 million in funding from the Australian Renewable Energy Agency (ARENA).

This project will secure jobs in the region, reduce emissions through clean, renewable energy and show what’s possible for the future of manufacturing in Australia.

Australia was one of the most successful nations in its pandemic response, but an investigation by the independent COVID-19 Response Inquiry finds the country was not adequately prepared for a pandemic.

The Inquiry is a reminder of the incredible service and sacrifice of so many people, not just frontline workers, but every single person in Australia.

It was a time of great uncertainty and adversity. Thousands of Australians lost their lives. Borders were closed. Australians were asked to stay in their homes.

The Albanese and Minns Labor Governments are jointly investing more than $60 million over five years to establish the Hunter Net Zero Manufacturing Centre of Excellence at TAFE NSW’s Tighes Hill campus in Newcastle.

Both the Albanese Government and Minns Labor Governments are investing $28.1 million, with a further $5.27 million in federal funding to support the centre.

This will accelerate the development of a Higher Apprenticeship model focused on the advanced skills required for net zero manufacturing.

ANTHONY ALBANESE, PRIME MINISTER: It's wonderful to be back here at the Italian Festa here in Norton Street, Leichhardt in the Inner West as Prime Minister, but also as the local member for Grayndler. This is the largest Italian festival held anywhere in Australia. Over 100,000 people will be here today, celebrating our multiculturalism and the contribution that Italo-Australians make to our local community. So it's a great day and a fantastic day to be here.

PRIME MINISTER, ANTHONY ALBANESE: Well, this has been a very successful Commonwealth Heads of Government meeting hosted by Samoa, and it is the first time that CHOGM has met here in the Pacific. Commonwealth countries represent one third of the world's population, and it's an opportunity to engage in Australia's national interests with our Commonwealth partners. And this morning, I've had the great opportunity to be here at the Pacific Policing Initiative being launched.

Talofa.

Thank you Prime Minister Fiame for hosting this event today.

In August in Tonga, as Pacific Leaders we agreed to a major new chapter in our region’s collective security – the Pacific Policing Initiative.

Today, it is privilege to join my fellow Pacific leaders in welcoming officers from 11 nations, representing the first ever Pacific Police Support Group deployment.

Putting the words of our agreement into action - and demonstrating the spirit of regional co-operation.

Prime Minister Anthony Albanese has today joined other Pacific leaders to mark the first deployment of the new Pacific Police Support Group, part of the Pacific Policing Initiative (PPI), backed by Australia and endorsed by Pacific Island Forum leaders in August 2024.

More than 40 police officers from 11 Pacific countries are part of this deployment, providing security support for Samoa’s hosting of the Commonwealth Heads of Government Meeting.  The deployment includes officers from Pacific partners trained at the PPI’s Pinkenba training hub in Brisbane.