IHEA notes the measures in the 2021-22 Mid-Year Economic and Fiscal Outlook (MYEFO) that relate to Australia’s independent higher education sector.
The MYEFO statement confirmed the recent announcements of the Federal Government and address member’s support priorities identified in IHEA’s State of the Sector research project in September. These include:
- Further exemption of the Higher Education FEE-HELP Loan Fee for 2022.
- Deferral of implementation of TEQSA full cost recovery until 2023.
- Waiving of certain TEQSA and ASQA regulatory fees in 2022.
- Waiving of international TPS levies in 2022.
- Extended funding of the Innovation Grants program for ELICOS providers.
- Continuation of the Undergraduate Certificate until 2025.
- Extended access to the Short Course funding announced in the May 2021 budget to reflect continuation of the Undergraduate Certificate.
“Confirmation of these policy announcements is excellent news for IHEA members,” IHEA CEO Simon Finn said.
“This will provide much needed relief and budget certainty for institutions in a critical recovery year for the independent sector in 2022.
"IHEA thanks all members who have advocated for these higher education sector priorities. We look forward to working with our members and government at all levels to implement these measures.”
Media Contact: Matthew Coote, IHEA Communications Manager (Acting) via firstname.lastname@example.org
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