Senator KIM CARR (Victoria) (15:05): My question is to the Minister for Education and Training, Senator Birmingham. I refer to the Turnbull government's higher education reforms, which will see the HECS repayments threshold slashed to $42,000, fees increased by 7.5 per cent and public funding to universities cut by $2.8 billion. Why is the Turnbull government targeting graduates earning two-thirds of the median Australian wage while at the same time giving a $50 billion tax cut to big business and the big four banks?