Epoch News
Creating a more dynamic and resilient economy
The Australian Government has tasked the Productivity Commission (PC) to conduct an inquiry into creating a more dynamic and resilient economy. The Government asked the PC to identify priority reforms and develop actionable recommendations. The PC has now released its...
Superannuation guarantee: due dates and considerations for employees and employers
On 1 July 2025, the superannuation guarantee rate increased to 12%, marking the final stage of a series of previously legislated increases. Employers currently need to make superannuation guarantee (SG) contributions for their employees by 28 days after the end of...
RBA cuts rates to 3.60%: what this means for you
In a widely anticipated move 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. This rate is now at its lowest level since March 2023, signalling...
Right to disconnect becomes law
Australia’s new Right to Disconnect law has come into effect. That means it is now illegal to contact your employees after hours unless it is reasonable to do so. The reasonableness test considers numerous factors, including urgency, the employee’s role, personal and...
Interest deductions: risks and opportunities
This tax season, we've seen a surge in questions about whether interest on a loan can be claimed as a tax deduction. It's a great question, as the way interest expenses are treated can significantly affect your overall tax position. However, the rules aren't always...
Superannuation rates and thresholds updates
Super guarantee rate now 12%: what it means for employers From 1 July 2025, the superannuation guarantee (SG) rate officially rose to 12% of ordinary time earnings (OTE). This is the final step in the gradual increase legislated under previous reforms. What's changed?...
Luxury cars: the impact of the modified tax rules
With the purchasing of luxury vehicles on the rise, it's important to be aware of some specific features of the tax system that can impact the real cost of purchase. Often, the tax rules provide taxpayers with a worse tax outcome if the car will be used for business...
Div 296 super tax and practical things to consider
Division 296 super tax is a controversial Federal Government proposal to impose an extra 15% tax on some superannuation earnings for individuals whose total superannuation balance (TSB) exceeds $3 million as of June 30 of the relevant income year. This measure...
Finfluencers: Bad tax advice could cost you thousands
They're advising you from your Instagram and TikTok feeds; they've huge followings, and they speak with conviction - financial influencers, also known as 'finfluencers'. Please heed our caution; taking advice from unqualified sources can have serious consequences....
Deductions for ATO interest charges scrapped
If you're carrying an Australian Taxation Office (ATO) debt, there is a good chance that it will cost you even more from July 1 2025, onwards. This is because, from July 1 2025, two types of interest charges imposed by the ATO will no longer be deductible. What are...