The Government’s university reform bill which aimed to remove caps on university fees and cut course subsidies was defeated last night.
The senate rejected Education Minister Christopher Pyne’s push for higher education reform with a vote of 33-31.
Senator Lazarus said the reforms would have uncapped university fees, cut funding to universities by 20 per cent, and indexed student loans to the Consumer Price Index.
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The defeat left a $3.5 billion hole in the Budget over the next three years.
Christopher Pyne has vowed to fight on with the reforms and will re-introduce a new Bill to the House of Representatives this morning.