00:00Signing off on sharing the cost of a school funding boost, Tasmania is the third jurisdiction
00:08to agree to split a 5% funding increase to meet the schooling resource standard.
00:13What this will mean is an additional $300 million into our public schools over the course
00:20of the next five years.
00:22This money will help us to invest in things like a phonics check and a numeracy check
00:26in year one.
00:27The SRS is a per student estimate of the funding needed to reach minimum standards.
00:32It's at around $13,500 for a primary school student and $17,000 for a secondary student
00:39with loadings for those who need extra support.
00:43Today's deal will up the current funding by roughly $1,000 per student to meet that target
00:48by 2029.
00:51Tasmania is the third state now after Northern Territory and WA to sign up.
00:56The state and Commonwealth will split the extra costs evenly, something most states
01:01had opposed, including Tasmania, less than two days ago.
01:05The federal government should be providing that full 5%, not 2.5%.
01:12If in another year a different state can get a better deal, we get it too.
01:18We have a no worse off agreement.
01:21The federal government's claiming this deal fully funds public schools, but there's still
01:25a loophole allowing states to count depreciation on buildings and other costs like regulatory
01:31bodies.
01:32We have seen this loophole being used as a trick, an accounting trick, and unfortunately
01:38it's going to continue.
01:39Anthony Albanese has also agreed to fund the entire Northern Heart Centre, a Liberal state
01:44election commitment that's been marred by uncertainty since it was revealed federal
01:48funding was needed.
01:50And with Jeremy Rockleaf's signature making for one less holdout on the education deal,
01:55it appears two political problems have been solved with one visit.
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