EDU Holdings Limited (ASX:EDU) Updates on ESOS Bill Status
Proposed ESOS Bill Status
EDU Holdings Limited (EDU) has announced that the proposed Education Services for Overseas Students Amendment (Quality and Integrity) Bill 2024 (ESOS Bill) was not addressed in the Senate’s final session this year. As a result, the capping on international student enrolments will not take effect from 1 January 2025, contrary to earlier expectations.
Impact on Commencements
The ESOS Bill aimed to impose caps on new international student admissions at various levels, including national and provider-specific. EDU’s businesses, Ikon Institute and Australian Learning Group, were initially given indicative caps of 200 and 447 commencements for 2025, respectively. These figures are significantly lower than their 2024 commencement numbers. With the Bill’s current status, these caps will not apply at this time.
Future Outlook
While the ESOS Bill may be reintroduced in a new or amended form, EDU acknowledges that the Government has alternative measures to ensure sector integrity and manage international student numbers. The implications of these potential changes remain uncertain for the Company. EDU will continue to monitor the situation and provide updates as new information becomes available.
Motley Fool contributor Lianne Eastty has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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