Hi everyone,
On 2 August 2025, the Universities Accord (Cutting Student Debt by 20 Percent) Bill 2025 passed into legislation. The ATO has subsequently published new tax tables for employees with Study and Training Support Loans (STSL), effective from 24 September 2025.
Key info
👉 Applies to employees with an STSL (Study and Training Support Loans).
👉 Compulsory repayments for STSL are reduced.
👉 Updated formulas in Schedule 8 (NAT 3539) and PAYG tax tables.
👉 Effective from 24 September 2025 for all payments made on or after that date.
👉 No changes apply to past payments.
Tax Table Update for Reckon Accounts Desktop v34
A new tax table update will soon be available to download and install for Reckon Accounts Desktop v34.
The tax table update will be available for download on 24 September.
How to download the new tax table update
To update to the latest tax tables once available on 24 September, go to Employees ➡️ Get Latest Tax Tables ➡️ Review the information that appears which will show your tax table version will be updated ➡️ Click OK and the new tax table will be applied.
Important info
After the new tax update is applied, it will apply to all pay runs dated 1 July 2025 and 30 June 2026. Please check out our help guide linked below for details on how to handle pay runs dated before and after 24 September 2025.
STSL Tax Table Update - September 2025