Reading Room

On 12 August 2025, the Reserve Bank of Australia (RBA) delivered a 25 basis point rate cut, lowering the cash rate from 3.85% to 3.60%, the third reduction this year

The superannuation guarantee (SG) increased to 12%, the final stage of a series of increases. Employers need to make contributions by 28 days after the end of each quarter.

In March the Government announced its intention to ban non-compete clauses for low and middle-income employees. The reforms in this area will take effect from 2027.

The Productivity Commission (PC) has been tasked by the Australian Government to conduct an inquiry into creating a more dynamic and resilient economy including to identify priority reforms and develop actionable recommendations.

In support of young Australians and in response to the rising cost of living, the Government passed legislation to reduce student loan debt by 20% and change how repayments are determined.

From 1 July 2025, the superannuation guarantee (SG) rate rose to 12%. There are no changes to the annual concessional contribution cap for personal contributions.

With the purchasing of luxury vehicles on the rise it’s important to be aware of some features of the tax system that can impact on the real cost of purchase.

This tax season, there's a surge in questions about claiming interest on a loan as a tax deduction. It's important to ask is 'why did you borrow the money'?