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:-

Understanding the new 20% student loan reduction

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.

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:

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.

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

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:

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.

Options for replacing the SBSCH include:

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).

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.

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