ATO Interest Charges Are No Longer Deductible – What You Can Do

ATO Interest Charges Are No Longer Deductible – What You Can Do Leaving debts outstanding with the ATO is now more expensive for many taxpayers. General interest charge (GIC) and shortfall interest charge (SIC) imposed by the ATO is no longer tax-deductible from 1 July 2025. This applies regardless of whether the underlying tax debt […]

RBA cuts rates to 3.60%: what this means for you

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 […]

Creating a more dynamic and resilient economy

Creating a more dynamic and resilient economy The Productivity Commission (PC) has been tasked by the Australian Government to conduct an inquiry into creating a more dynamic and resilient economy. The PC was asked to identify priority reforms and develop actionable recommendations.   The PC has now released its interim report which presents some draft […]