Key update on ESOS Bill delay

EDU Holdings (ASX:EDU) announced an update on the proposed Education Services for Overseas Students Amendment (Quality and Integrity) Bill 2024. The ESOS Bill, which was set to introduce caps on international student enrolments, will not be voted on in the Senate's 2024 session. As a result, the anticipated changes will not take effect from January 1, 2025. The company's Ikon Institute and Australian Learning Group had been given indicative caps, but these will not apply as expected.

Summary of EDU Holdings' announcement

EDU Holdings Ltd has provided an update regarding the delay of the ESOS Bill, which aimed to cap international student enrolments. This delay means that EDU's Ikon Institute and Australian Learning Group will not face the expected caps from January 2025. Although the government may explore other measures for managing student numbers, EDU Holdings is committed to keeping stakeholders informed of any developments. The company must navigate this uncertain regulatory environment while assessing how future government actions might impact its strategic planning and operations.

Executive commentary on ESOS Bill update

The government may still implement other measures to manage international student numbers, but the impact of these changes on EDU remains uncertain. The company will continue to update stakeholders as new information is available.