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September 2025 Newsletter

Please click on the following link to view this month's newsletter for September 2025. We would like to highlight the following article:-

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Understanding the new 20% student loan reduction

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The Federal Government has legislated a one-off 20% reduction in student loan debts. This applies to all types of student loans, including HECS-HELP, VET Student Loans, Australian Apprenticeship Support Loans, and older schemes such as the Student Financial Supplement Scheme.

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Eligibility is based on having an outstanding student loan balance as at 1 June 2025. The 20% reduction is calculated on the balance at that date, before annual indexation. Key points include:

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  • The reduction applies automatically and will be processed by the ATO before the end of 2025.

  • Individuals who have since repaid their loan (in part or full) will still benefit, and in some cases may receive a refund if the reduction places their account in credit.

  • No benefit applies if the debt was fully repaid before 1 June 2025.

  • Tax returns should be lodged as normal and there is no need to delay for the adjustment.

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Closure of the ATO Small Business Superannuation Clearing House (SBSCH)​

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The ATO’s free Small Business Superannuation Clearing House service will close as part of then proposed “payday super” regime. Employers should prepare for significant changes:

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  • 1 October 2025: No new registrations will be accepted.

  • 30 June 2026: Final date for existing users to make contributions via the SBSCH.

  • 1 July 2026: SBSCH permanently closes, with payday super commencing.

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Options for replacing the SBSCH include:

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  • Payroll software with integrated super payment features.

  • Clearing house services provided by superannuation funds.

  • Independent commercial providers offering compliance and processing solutions (usually at a cost).

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Employers are encouraged to begin transitioning early to avoid disruption. Testing new systems well before the 2026 deadline will help ensure compliance with the new requirements.

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Please do not hesitate to contact us if you have any queries in relation to your tax and accounting matters.

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