Written by Scott Clegg - Business Manager

Federal Budget

The Treasurer, Jim Chalmers, recently delivered the Federal Budget for 2025-26 and I include below a summary of the budget and a few highlights that pertain to our education industry.

Federal Budget Highlights

The recent Federal Budget reveals a shift from a $15.8 billion surplus to a $27.6 billion deficit in 2024-25 and $42.1 billion in 2025-26. Key focuses include cost of living, Medicare, housing, education, and economic productivity. Notable points are modest tax cuts, increased healthcare spending, and support for renewable energy projects; however, there is limited support for small businesses and uncertainty around the instant asset write-off status.

Investments in Early Education

The Government is investing $5 billion in early childhood education, including $3.6 billion to lift wages and $1 billion to increase the supply of high-quality places. The new 3 Day Guarantee will ensure families are eligible for at least 3 days of subsidised early education.

Permanent Free TAFE

The Government will make 100,000 Free TAFE places permanent from January 2027. This initiative aims to ease cost-of-living pressures for students and support training in priority sectors.

Support for Universities, Students, and Graduates

The Government is providing an additional $2.5 billion for a new higher education funding system and cutting student debts by 20% from June 2025, wiping $16 billion from outstanding student loans.

Assumption College Fees

We have previously issued the statements for our college fees via email. We kindly ask that you review these statements and arrange for payment by the due date. For those feepayers who have an existing Direct Debit or an approved payment plan with our College, please consider this notice as a friendly reminder and feel free to disregard if your payments are already scheduled accordingly.

We understand that managing finances can sometimes present challenges, especially in the current climate. If you encounter any difficulties with accessing your emailed statement, have not received it, or have any queries related to your college fees account, we urge you to contact our Finance Team. We are available to assist you via phone on 0746 604 000 or email at Finance@acwarwick.catholic.edu.au; ensuring you have all the necessary information at your disposal.

We recognise that unforeseen circumstances can affect one's ability to settle accounts on time. If you find yourself in a situation of financial hardship or if there are any concerns about meeting the payment deadline, please do not hesitate to contact us. Our Principal and I are available to discuss any matters confidentially and to explore supportive measures that can be put in place. Our aim is to ensure that financial concerns do not impede our students' education and wellbeing. Please contact our College Office via phone on 0746 604 000 to make a mutually convenient appointment.

Your cooperation and prompt attention to these matters are greatly appreciated. We are committed to supporting every family within our community and believe that open communication is key to overcoming any challenges that may arise.

Thank you for your continued support and partnership in fostering an enriching educational environment for our students.