Epoch News
Proposed Extension of the Instant Asset Write-Off and Other Tax Measures
A new Bill before Parliament – the Treasury Laws Amendment (Strengthening Financial Systems and Other Measures) Bill 2025 – proposes several key changes that could affect small businesses, listed companies, and the not-for-profit sector. The headline measure is the...
Super Tax Shake-Up: Big Balances Beware
If your super balance is comfortably below $3 million, you can probably relax — the proposed changes to the super rules shouldn't adversely affect you (yet). But if your super is nudging that level, or if you're clearly over, the Treasurer's latest announcement could...
When Medical Bills Meet Tax Rules – Lessons from a Heartbreaking Case
Imagine this: after years of hardship and illness, you're forced to retire early on a Total and Permanent Disability (TPD) pension from your super fund. It's your only income stream. Then come the medical bills – tens of thousands of dollars in treatments to manage...
ATO Interest Charges Are No Longer Deductible – What You Can Do
Leaving debts outstanding with the ATO is now more expensive for many taxpayers. As we explained in the July edition of our newsletter, general interest charge (GIC) and shortfall interest charge (SIC) imposed by the ATO are no longer tax-deductible from July 1 2025....
Trust Resolutions – Why Timing and Evidence Matter
A recent decision of the Administrative Review Tribunal (Goldenville Family Trust v Commissioner of Taxation [2025]) highlights the importance of documentation and evidence when it comes to tax planning and the consequences of not getting this right. The case...
Government Review of Supermarket Unit Pricing: What It Could Mean for Your Business
The Federal Government recently wrapped up a consultation process on supermarket unit pricing. While the topic might sound like a purely consumer issue, it could have very real commercial impacts for businesses supplying into the grocery sector. On September 1, 2025,...
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...