The majority voted in favour of passing the bill in the House of Representatives. In other words, they voted to read the bill for a third time. This means that the bill will now go to the Senate for their consideration.
What does the bill do?
This bill will implement part of the government's Job Ready Graduates Package and includes major proposed higher education funding changes, including how the government currently subsidises university tuition costs.
If successful in its current form, the bill will decrease the subsidy for most areas of the humanities and social science as well as in engineering, science, surveying, environmental studies and other areas. This will have the effect of increasing the costs of tuition for students in those areas. On the other hand, the bill will increase the subsidy for most health fields, education, mathematics and other areas, which should lower tuition costs for those students.
According to the bills digest:
Analysis from the Centre for the Study of Higher Education at the University of Melbourne has estimated the overall impact of the proposed change:
University revenue for teaching would be reduced by nearly one billion dollars in 2021 and every year thereafter for the same domestic student load as in 2018 as a result of the funding caps imposed in 2018 and the 2021 funding cluster changes in Job-ready Graduates
In other words, the overall affect of the bill appears to be a reduction in government funding for the university sector.
Read more about the bill in the bills digest.