The government has made a big change that will affect millions of Australians. They’ve cut $3 billion from student debt. This change is about how student loans are indexed, making sure they don’t grow too fast. Now, student loans will grow by the lower of the Consumer Price Index (CPI) or Wage Price Index (WPI). … Read more
The forthcoming amendments to the Age Pension framework in 2025 warrant careful attention from both existing pensioners and individuals preparing for retirement. Age Pension Indexation Schedule The Age Pension is reviewed twice yearly, with changes taking effect on March 20 and September 20. These adjustments are calculated using three economic measures: The Department of Social … Read more
The Australian Government launched $10,000 apprenticeship incentive program to counter a 23% decline in skilled trades completion rates over the past five years. Current data shows a workforce gap of approximately 40,000 qualified tradespeople nationwide, with projections suggesting this deficit could expand to 85,000 by 2026 without intervention. The initiative correlates with the government’s housing … Read more