Headlines: HECS debt reforms begin rolling out - podcast episode cover

Headlines: HECS debt reforms begin rolling out

Dec 12, 20244 min
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Episode description

Today's headlines include:The Government's student debt reforms are being rolled out from today after its HECS indexation changes passed Parliament last month.Australia’s unemployment rate fell to 3.9% in November to its lowest level since March, according to the latest ABS figures.FBI Director Christopher Wray has announced his intention to step down before U.S. President-elect Donald Trump takes office in January.

Hosts: Lucy Tassell and Emma Gillespie
Producer: Elliot Lawry

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Transcript

Speaker 1

From the Daily os. I'm Emma, I'm Lucy. It's Thursday, the twelfth of December. Here's what's making headlines this evening.

Speaker 2

The government's student debt reforms are being rolled out from today after its HEX indexation changes past Parliament last month. The legislation means indexation cannot exceed the lower rate of either inflation or wage growth figures. It comes after hex's debts increased by seven point one percent in twenty twenty three in line with inflation. This increase will be adjusted

to three point two percent the wage index. The reform, which the opposition supported, meant the government essentially owed people a three point nine percent refund on the HEX indexation they were charged in twenty twenty three. Those who've paid off their HEX since then will have the difference credited to them. Australians can check their student debt by logging onto their ATO account through my gov.

Speaker 1

Australia's unemployment rate for fell to three point nine percent in November, down zero point two percent to the lowest level since March. That's according to the latest figures from the Australian Bureau of Statistics. The unemployment rate reflects the percentage of people who were looking for work but couldn't

find any. This three point nine percent figure is seasonally adjusted, meaning the ABS has removed the effects of calendar specific patterns from the data, like fruit picking in summer or Christmas casuals in retail in December.

Speaker 2

The director of the United States FBI, Christopher Ray, has announced his intention to step down before Donald Trump takes office in early twenty twenty five. Ray announced this decision during an all employee address in which he stated, I've decided the right thing for the bureau is for me to serve until the end of the current administration in

January and then step down. He added, this is the best way to avoid dragging the bureau deeper into the fray while reinforcing the values in principles that are so important to how we do our work. This comes after President elect Donald Trump announced his intention to replace Ray upon being sworn into the White House in January twenty twenty five, more than two years shy of raised ten year term.

Speaker 1

And Today's good News, archaeologists have unearthed artifacts and ceremonial items dating back to ancient Egypt and thought to be tied to Cleopatra, the Egyptian Dominican Archaeological mission discovered several items beneath the temple in the ancient city of Alexandria, including a small, white marble statuette of a woman. The dig's lead researcher believes the bust is a depiction of Queen Cleopatra. Other experts have weighed in suggesting the statue

could be another royal woman or princess. Other significant discoveries include hundreds of coins bearing the image of Cleopatra, pottery vessels, oil lamps, and bronze statues dating back to around thirty BCE. Egypt's Ministry of Tourism and Antiquities said the discoveries would be pivotal in expanding our under standing of ancient Egypt's final dynasty in the late Ptolemaic period.

Speaker 2

That's the latest from the Daily Oz newsroom. If you're looking for something else to listen to, make sure you catch up on today's deep dive on the allegations being brought against jay Z.

Speaker 1

We'll be back tomorrow morning. Until then, have a great evening.

Speaker 2

My name is Lily Maddon and I'm a proud Arunda Bunjelung calcottin woman from Gadighl country. The Daily oz acknowledges that this podcast is recorded on the lands of the Gadighl people and pays respect to all Aboriginal and Torres Strait Island and nations. We pay our respects to the first peoples of these countries, both past and present.

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