2024 2025 Tax Rates Australia. Independent economist saul eslake said he believed australia’s interest rates will remain on hold until february 2025 at the earliest, despite other advanced economies slashing. The australian tax financial year runs from 1 july to 30 june of the following year.
Money markets are betting there’s less than a 20 per cent chance the reserve bank will start cutting rates this year, and most economists agree that a rate cut is unlikely until. To learn more about the nature of the tax cuts and the preceding history go here.