What changed on 1 January 2019?

  • ·        Tampon tax (GST on sanitary products) scrapped
  • ·        Voluntary crackdown begins on credit card providers to protect consumers who cannot pay-off their credit   card debt or who cannot afford an increased limit
  • ·        Higher Education Loan Program:

o   New lifetime caps prevent students repeating courses or continually enrolling in new courses.

o   New loan limits: Increase in fee assistance for students studying medicine, dentistry and veterinary science courses with increases in their loan limit from an estimated $130,552 in 2019 to a new limit of $150,000. $104,440 for all other students.