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The Australian government plans to implement changes to student loan repayments, impacting graduates earning up to $180,000 annually, with those earning $70,000 set to pay $1,300 less. The legislation is expected to take effect in 2025, aiming to lower annual debt repayments for three million Australians. Prime Minister Anthony Albanese is unveiling this key policy proposal to voters as he seeks to move past recent controversies and outline Labor’s agenda ahead of the upcoming election.
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