Finance Australia's Weekly Money and Business News
Each week, we round up the biggest money and business stories across Australia — from rate moves and market shifts to policy updates and consumer trends. Expect clear context, concise takeaways, and what it could mean for households and SMEs. No fluff, no hype — just trustworthy headlines, quick explainers, and signals to watch so you can stay informed and make organised decisions.
This Week:
This weeks wrap covers four items for Australian households and SMEs: payday super took effect on 1 July, with the ATO allowing excess SG payments to roll forward but no simple clawback; the ATO will set new targets to cut small‑business tax debts, signalling firmer enforcement; ASIC cancelled Capital Guards AFSL over a fake bond, reinforcing due‑diligence needs; and retailer Betts entered voluntary administration, highlighting pressure on discretionary retail. Each item includes practical steps to stay compliant, protect cash flow, and compare finance using Finance Australias free assessments, calculators and independent broker network.
EPISODE 2286 | Finance Australia\'s Weekly Money and Business News | Sun, 5th Jul 2026
9 Jul 2026 | Paige Estritori
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Read Full Transcript:
Hello and welcome to Finance Australias Weekly Money and Business News, Im Paige Estritori, its Sunday 5 July 2026.
First up, payday super is now live. From 1 July, employers must pay the superannuation guarantee, or SG, within seven days of payday. The Australian Taxation Office, or ATO, says excess SG you pay can roll forward for up to a year, but theres no simple clawback, and the final quarterly SG for April to June is still due by 28 July. Check your payroll settings this week and model the cash flow; if timing is tight, use our calculators and, if needed, compare short‑term business finance with a free eligibility check.
Next up, the ATO will set new targets to shrink the small‑business tax debt pile, which sits at about thirty‑six billion dollars. The auditor found current measures only partly effective, so the ATO plans sharper performance targets and closer monitoring of enforcement tools like director penalty notices. If youve got ATO arrears, speak with your bookkeeper promptly about payment plans, and if youre restructuring or refinancing, use our quote comparisons and independent brokers to understand your options and costs up front.
Meanwhile, the corporate regulator ASIC has cancelled the Australian Financial Services Licence, or AFSL, of Capital Guard after findings it pushed a fake bond. The decision, effective 29 June, is a reminder that high‑yield offers can be traps. Before moving money, verify a providers licence and product details; if you want safer income options, compare regulated products and run the numbers with our user‑friendly tools.
And in retail, shoe chain Betts has entered voluntary administration and plans to close 20 stores. Its another sign that margins, rents and foot traffic are pressuring discretionary retailers. If you run a store, revisit inventory cycles and lease commitments, and consider flexible working‑capital solutions; our free assessment can help you quickly see what you might qualify for, with transparent comparisons and no hidden fees.
Thats it for this week. For calculators, free eligibility assessments and side‑by‑side finance quotes, head to finance-australia.
et and stay organised for the new financial year. Thanks for listening, and Ill see you next Sunday.
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