Millions of young Australians to face crippling HECS debts

Not only will future generations of Australians face higher debts thanks to the Abbott Government’s Budget of broken promises but existing students and graduates will be hit as well.

University students and graduates with existing HECS/HELP debts – currently about 1.2 million people – will be hit with thousands of dollars extra in interest on their loans after 2016.

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Abbott austerity signals start-up shutdown

Australia's capacity to nurture hi-tech start-ups has suffered a massive blow. 

The Abbott Government’s abandonment of Australia's advanced technology companies and emerging industries puts thousands of jobs in the sector at risk. 

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Another black day for auto workers

This budget spells devastation for the 150 firms in the automotive components sector and for 200,000 automotive workers and their families. 

Proposed cuts to the Automotive Transformation Scheme in last night’s budget, in addition to the $500 million cuts announced as part of MYEFO, will relegate nearly a quarter of a million Australians, and their families, to the unemployment scrapheap.

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ABC World Today with Alexandra Kirk

E&OE TRANSCRIPT
RADIO INTERVIEW
ABC WORLD TODAY WITH ALEXANDRA KIRK
WEDNESDAY, 14 MAY 2014

SUBJECT/S: Tony Abbott’s Budget of Broken Promises and Twisted Priorities; Higher education fees.

ELEANOR HALL: Higher education is also in for a big change. From 2016 universities will have complete freedom to set fees, while the Commonwealth will cut its contribution to the cost of a degree by around 20 per cent. Labor's education spokesman, Senator Kim Carr, told Alexandra Kirk the change would mark the end of fair and affordable higher education.

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Abbott government betrays students

“The Coalition has no plans to increase university fees.”

CHRISTOPHER PYNE - MEDIA RELEASE – 26 AUGUST 2012 

“I want to give people this absolute assurance, no cuts to education …”

TONY ABBOTT - INSIDERS – 1 SEPTEMBER 2013

 The Abbott Government’s first Budget marks the end of fair and affordable higher education, and a betrayal of Australian students and their families.

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Australia’s science and research future gutted

“I’m pleased to pledge the incoming Government to continue to support science to the fullest extent possible.”

TONY ABBOTT - PM’S PRIZES FOR SCIENCE DINNER - 31 OCTOBER 2013

Australia’s Science and research future has been gutted by crippling cuts to the science and research sector, including to the nation’s premier science agency, CSIRO.

The massive cuts to the major science and research agencies – at least $878 million – come on top of more than $5 billion slashed from higher education.

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Abbott's ideology out in the open as Budget day looms

In Broadmeadows, on Melbourne’s outer industrial edge, last Friday a new $257 million biotech research and development facility specialising in a range of life-saving drug therapies for rare and serious diseases, including cancer, was unveiled. 

As the former Minister for Innovation, Industry, Science and Research, and a backer of the project when it was first announced in 2010, I was delighted to be there and to see the results of Labor’s $50 million co-investment in CSL Behring’s new, world-class facility.

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Labor co-investment reaps rewards in Broadmeadows

The results of Labor’s support for strategic co-investment were on display today at the official opening of CSL’s $257 million Biotechnology Manufacturing Facility in Broadmeadows, Victoria.

Federal Labor and Labor State Government co-investment was instrumental in realising the project. In 2010, the Federal Labor Government committed $30 million to the project, and the Victorian State Labor Government almost $20 million.

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Abbott Government to break promise on university fees

“The Coalition has no plans to increase university fees.”

[CHRISTOPHER PYNE - MEDIA RELEASE - 26 AUGUST 2012]

The Abbott Government will go back on its word not to slug students with higher university costs as Education Minister Christopher Pyne prepares the ground for fee deregulation.

Despite earlier promises not to raise fees, it is now clear that the Abbott Government plans to shift a larger burden of university costs on to students and their families.

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Innovation in jeopardy if cuts go ahead

Budget cuts to long-term innovation and industry assistance programs will come at a cost to the nation’s economy, Shadow Research, Innovation and Industry Minister Senator Kim Carr warned today.

“There is widespread anxiety in the business community and start-up sector that the Abbott Government will slash programs which support innovation and business growth in the Australian economy,” Senator Carr said. 

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