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flag Albanese, Australia's new PM, delays cabinet formation post-election win, plans to cut student debt by 20%.

flag Australian Prime Minister Anthony Albanese is taking his time to form a new cabinet following Labor's electoral victory, which secured 85 seats in parliament, up from 78 previously. flag He plans to consult with party factions and the caucus before selecting cabinet members, emphasizing the depth of talent available. flag The first legislation will aim to reduce university students' HECS debt by 20%.

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