Month: November 2025

The ATO have commenced reducing all student and training support debts by 20% that existed on 1 June 2025. If you have multiple eligible student debts, each account will receive a 20% reduction.

The 20% reduction is applied to your student debt balance as at 1 June 2025, before indexation was applied. The 2025 indexation will be recalculated on the reduced debt amount.

Where your study loan account is in credit after the 20% reduction, you may receive a refund. If you have outstanding tax or other Commonwealth debts, the ATO will apply your credit to these debts first.

If you made a compulsory repayment after 1 June 2025, the ATO will refund your study loan credit by amending your tax return to adjust your assessed compulsory repayment. You’ll also receive a notice of amended assessment.

Source: Australian Taxation Office

The staff of Griffin & Associates wish you and your family a happy and safe festive season. Our office will be closed from 2pm on Friday the 19th of December 2025 and will reopen at 8am on Monday the 5th of January 2026. We look forward to working with you in the new year.

The following changes to compulsory repayments for study and training support loans are now in effect from 1 July 2025:

• The minimum repayment income needed to make a compulsory repayment has increased to $67,000 (from $54,435 in 2024–25).
• Compulsory repayments have moved to a marginal repayment system. They are only calculated on income above $67,000 (instead of the total repayment income). See the latest Study and training loan repayment thresholds and rates.

If your repayment income is $179,286 or more, your compulsory repayment will continue to be 10% of your total repayment income. You will not be worse off because of the shift to marginal rates.

These rates and thresholds (other than $179,286) will be indexed each year in line with average weekly earnings.

Source: Australian Taxation Office