Jason Clare says growing number of public school students not finishing year 12 ‘a big challenge’ – as it happened

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• Explainer: A new deal means every school in Australia will be fully funded by 2034. Here's what you need to know
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PM announces federal government has reached school funding agreement with all states

The prime minister, Anthony Albanese, is holding a press conference, announcing the federal government has now reached a school funding agreement with all states and territories.

Every student, regardless of which school they go to, will receive this funding.

We need to do something today, not in 20 years' time. Something needs to be done, we need to talk about this gas reserve policy, and I'm sorry about if that hurts political donations, too bad, so sad, it is about what's best for the nation.

People living on or below the poverty line actually need them. What I don't support is people like me [getting them], because they're not means tested.

Why am I getting that money, mate? Because, quite frankly, I'd rather my 150 bucks make $300 down to the next person below me that's feeling it really tough.