Here’s what landed this week for Australian small businesses. The Reserve Bank made its June call, the scam watchdog reminded everyone where the real money is being lost, and the 30 June deadlines are now close enough to act on. Here’s the plain-English wrap.
The RBA held the cash rate at 4.35%
At its meeting on 16 June, the Reserve Bank left the cash rate unchanged at 4.35%. The decision was unanimous. The Board is watching how the economy responds to the three rate rises earlier this year, but flagged it’s ready to lift again if inflation stays high.
Why it matters: No change to your loan or overdraft repayments this month — but the “ready to hike if needed” note means rates aren’t coming down soon. If you’ve got variable-rate business debt, it’s sensible to budget on the basis that rates stay where they are, or rise, rather than fall.
RBA — Monetary Policy Decision, 16 June 2026
Fake-invoice scams are still the costliest hit to small business
Scamwatch (run by the ACCC) continues to flag fake-invoice and payment-redirection scams as the biggest cause of business losses — false billing alone accounts for millions. These are emails that look like a real invoice from a supplier you know, but the bank details have been swapped to the scammer’s account.
Why it matters: This is the scam most likely to actually get you, because it doesn’t look like a scam — it looks like a bill. The simple defence: before paying any new or changed bank details, ring the supplier on a number you already have (not the one on the invoice) and confirm. One phone call beats losing thousands.
Scamwatch — Fake business invoice scams
A quick website-security reminder for anyone running WordPress
Earlier this year the Australian Cyber Security Centre warned that criminals are hijacking legitimate Australian WordPress sites and using fake “verify you’re human” pop-ups to trick visitors into infecting their own computers (a technique called ClickFix). It’s still worth acting on.
Why it matters: If you run a WordPress site, the basics matter: keep WordPress, plugins and themes updated, and remove any plugins or themes you no longer use. A compromised site can quietly harm your customers and your reputation without you knowing. The ACSC’s advisory has the full mitigation list.
Cyber.gov.au — ClickFix distributing Vidar Stealer via WordPress
30 June is close — three things to tick off
A reminder, because we’re now inside two weeks:
- Instant asset write-off — still not law: the $20,000 threshold for this year has been announced but not yet legislated, so it isn’t guaranteed. If you’re planning an under-$20,000 purchase hoping to claim it, check with your accountant first and don’t count on the deduction until it passes Parliament. ATO — $20,000 instant asset write-off for 2025–26
- Super Clearing House: it closes 30 June — download your records and switch to another way of paying staff super now, not in the last week. ATO — About Payday Super
- Super deductions: to claim a deduction for super this financial year, the money generally needs to reach the fund before 30 June — so don’t leave the June payment to the last day. ATO — Tax Time toolkit for small business
Why it matters: These are the “I meant to do that” items that cost real money when missed. Twenty minutes this week saves the end-of-month panic.
That’s the week. Quieter than the last two on the policy front, but the scam reminder and the 30 June checklist are the two worth acting on. As always, if any of it is unclear, you’re welcome to message a real person.