07 3369 5055
September brings some welcome news for Australians with student loans, along with important policy updates and an RBA rate cut. From HELP debt relief to changing super rules and business reforms, here’s what’s happening in the world of money, tax and finance this month.
A 20% Reduction in Student Debt
Over three million Australians are set to benefit from a 20 per cent reduction in student loan balances, applied automatically to eligible HELP, VET Student and Apprenticeship Support Loans.
The reduction is based on balances as at 1 June 2025 before indexation, with the ATO adjusting accounts retrospectively. Most borrowers will not need to take any action.
From 1 July 2025, the income threshold before compulsory HELP repayments apply rises from 56,156 dollars to 67,000 dollars. This eases cost-of-living pressure for many Australians, though it may take longer to clear loans unless voluntary repayments are made.
Productivity Commission: A Blueprint for a Stronger Economy
The Productivity Commission’s interim report recommends reforms to boost investment and reduce red tape.
Key proposals include a two-tier corporate tax system, with a 20 per cent rate for businesses under one billion dollars turnover and 30 per cent for larger firms. It also proposes a five per cent cash-flow tax to allow full deductions for capital expenditure in the year incurred.
The report calls for a whole-of-government commitment to reduce duplication, streamline approvals and encourage growth accountability within the public service. Consultation remains open until mid-September 2025.
Super Guarantee Deadlines and Payday Super on the Horizon
With the Super Guarantee rate now at 12 per cent, employers must ensure contributions reach employees’ funds by the quarterly due dates of 28 October, 28 January, 28 April and 28 July.
Missing a deadline, even by a day, triggers the Super Guarantee Charge which means losing tax deductions and facing penalties. The ATO recommends allowing up to 14 days processing time if using a commercial clearing house.
Looking ahead, proposed payday super reforms from 1 July 2026 would require super to be paid each pay cycle. Employers should start reviewing payroll systems and cash flow now.
RBA Cuts Cash Rate to 3.60%
In August the RBA reduced the cash rate by 25 basis points to 3.60 per cent, marking its third cut for 2025 and the lowest rate since March 2023.
The decision followed easing inflation within the 2 to 3 per cent target band, weak GDP growth of 0.2 per cent and a small rise in unemployment to about 4.3 per cent.
A borrower with a 600,000 dollar mortgage could save around 89 dollars a month, and refinancing activity is increasing. The housing market may also see renewed demand.
It’s a good time for both homeowners and business owners to review loan structures, cash flow and refinancing opportunities.
From debt relief and tax reform to super and interest rate shifts, September brings plenty of change. If you’d like to understand how these developments affect your finances or business strategy, contact Strategic 360 for practical advice and guidance.
Find all the details from our Newsletter here.
Kerrily and Louise – Directors
