Join our daily newsletter At The Bell to receive exclusive market insights
EDU Holdings (ASX:EDU) has noted legislation capping the number of international students it could enrol in 2025 wasn’t passed overnight.
The Australian government yesterday aimed to push through 30 bills on the last sitting day of the year with mixed successes. EDU Holdings stood to be harmed by the passing of a law capping how many students could come to Australia each year.
EDU had previously guided to a world where, from January 1, 2025, it would likely be facing some strain. However, the gov’t never passed the bill.
At least, not for now.
“The proposed Education Services for Overseas Students Amendment Bill – which includes a cap on international student enrolments – was not voted on in the Senate’s final sitting for the year,” the company wrote on Friday.
“As such, EDU’s understanding is that the ESOS Bill will not be introduced with effect from January 1, 2025, as the company had previously foreshadowed.”
EDU had been facing a situation where – per its understanding – the company was only allowed to enrol 200 students in its higher learning service (‘Ikon’) and some 447 students in its vocational training cohort for a total of 647.
“Both of which [would be] materially below their respective 2024 commencements,” EDU Holdings added.
The question now is: How long will it take to get the laws across the line?
EDU last traded at 9cps, notching upwards per CBOE live pricing.
Join the discussion: See what HotCopper users are saying about EDU Holdings and be part of the conversations that move the markets.
The material provided in this article is for information only and should not be treated as investment advice. Viewers are encouraged to conduct their own research and consult with a certified financial advisor before making any investment decisions. For full disclaimer information, please click here.
