'Since that time, it's true we haven't been able to find a new insurer for the scheme. These are obviously difficult days for insurance and financing arrangements because of the financial crisis,' Gillard was quoted as saying by The Australian.

An education and migration scam has also been revealed by an ABC report. The Indian reporter who was working undercover for the Four Corners programme was assaulted over the weekend here.

Indian students in Australia have faced a string of attacks since May 9. There are about 90,000 Indians studying in Australia.

Australian Foreign Minister Stephen Smith Tuesday said the government 'won't tolerate' any education and migration scam affecting foreign students.

Speaking on ABC's Australia Network, Smith said: 'Of course it's very concerning... On the migration front, when we were in opposition we did express significant concerns about the regulation of migration agents, and as a consequence of that we've recently seen a migration regulatory authority come into existence to regulate that industry better.'