Senator PAYNE (New South Wales—Minister for Human Services) (14:57): I note that Senator Conroy refers to higher education leavers as 'rent seekers', which is interesting. So, nobody over there will be at Universities Australia's reception next week, will you? No! You are not hypocrites! Senator Conroy interjecting— The PRESIDENT: Senator Conroy! Senator PAYNE: All of the university groupings in Australia have made it clear that there will not be exorbitant fee increases. Let us start with the Australian Technology Network, and Vicki Thomson, who says: Don't be fooled by $100,000 degrees … … the university sector is not looking to introduce standard $100,000 degrees and deregulation won’t deliver them. I repeat: there is nothing to fear from deregulated fees for undergraduate degrees. Senator Bilyk interjecting— The PRESIDENT: Senator Bilyk! Senator PAYNE: Universities are not stupid. They know that if they set their prices too high they will end up with empty lecture theatres. In fact, Open Universities Australia and COPHE have both said that there will be significant fee reductions. But don't let the truth get in the way of a good story for those opposite. The Regional University Network says— (Time expired) Senator Conroy interjecting— The PRESIDENT: Order! Senator Conroy!