Changes from 1 January 2019 you may not be aware of…

What changed on 1 Jan 2019

  • 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:
    • New lifetime caps prevent students repeating courses or continually enrolling in new courses.
    • 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.
    • Tampon tax (GST on sanitary products) scrapped