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‘Morphine drip’: Shorten warns of international student addiction, calls for new tax to fund unis

Bill Shorten proposes a sovereign wealth-style fund and a 1% company levy to raise about $5.2 billion annually and reduce universities' reliance on international student fees.

In a major intervention on the future of tertiary education, Bill Shorten says the broken higher education system forces universities to act as migration levers rather than centres of research.

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Australian Financial Review broke the news in Sydney, Australia on Wednesday, March 11, 2026.
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