Senator PAYNE (New South Wales—Minister for Human Services) (14:53): Thank you, Senator McKenzie. This is a fantastic piece of news in the higher education space because it means that students from disadvantaged backgrounds are going to have access to a new Commonwealth scholarship system which will help them meet the costs associated with higher education, particularly students, as Senator McKenzie would especially identify with, from regional Australia. Opposition senators interjecting— The PRESIDENT: Senator Payne is entitled to be heard in silence. Senator PAYNE: Those regional students often face additional challenges. They are going to be offered by higher education institutions with 500 or more Commonwealth subsidised students who increase their revenue as a result of the deregulation of student contributions. We are going to require universities and other higher ed providers to spend a dollar in every five dollars of additional revenue raised to the new Commonwealth scholarships. Universities and other providers will provide tailored individualised support to students which includes need based scholarships which will meet the cost of living, fee exemptions, mentoring, tutorial support and assistance and other critical points in their study. (Time expired)