Tax Table Update for STSL (24 September 2025) - Reckon Accounts Desktop v34
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
π Applies to employees with an STSL (Study and Training Support Loans).
π Compulsory repayments for STSL are reduced.
π Updated formulas in Schedule 8 (NAT 3539) and PAYG tax tables.
π Effective fromΒ 24 September 2025Β for all payments made on or after that date.
π 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 β‘οΈ Get Latest Tax Tables β‘οΈ Review the information that appears which will show your tax table version will be updated β‘οΈ 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.
Comments
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Thanks for this @Rav
This seems like a different way to do tax tables than before? Is this new?
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Sure is @Eric Murphy!
The latest release of Reckon Accounts Desktop v34 includes a new, more streamlined method for updating tax tables (and super guarantee rates). Now, its all handled within your install of Reckon Accounts Desktop, you simply have to select the option to get the latest tables outlined above and it'll pull the latest tax update from our server.
Note: As mentioned above the latest tax table update for STSL will only be available from 24 September.
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Awesome work @Rav & the Reckon Team ! ππ»ππ»π₯°
Shaz Hughes Dip(Fin) ACQ NSW, MICB
*** Reckon Accredited Partner (AP) Bookkeeper - specialising EXCLUSIVELY in Reckon Accounts / Hosted ! *** Bookkeeping & 1-on-1 customised software Training/Troubleshooting ***
* Regd BAS Agent (No: 92314 015)* ICB-Certified Bookkeeper* Snr Seasonal Tax Consultant since 2003 *
Accounted 4 Bookkeeping Services
Ballajura, WA
(NB: Please give my post a Like or mark as Accepted Answer if I have been able to resolve your query as this helps others when seeking solutions!)
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