What does the new Commonwealth Prac Payment mean for students? Will it do enough to end ‘placement poverty’?

The federal government has announced a “Commonwealth Prac Payment” to support selected groups of students doing mandatory work placements. Those who are studying to be a teacher, nurse, midwife or social worker will be eligible to receive A$319.50 per week while on placement. This amount is benchmarked to the single Austudy per week rate. Other support payments received by a student will not be affected. The payment, which is part of the upcoming federal budget, is due to start in July 2025 and will be means-tested (the details of which are still to be worked out). It follows a recommendation from the Universities Accord final report and will be welcomed by many students facing "placement poverty" as they complete their degrees. But is it enough?