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CPA Australia supports the Tax Ombudsman’s call for fairer General Interest Charges (GIC) remission and welcomes the ATO accepting all recommendations to improve transparency, consistency and fairness. The group says reforms must include empathy and proportionality, especially for taxpayers facing genuine financial hardship. It stresses clearer guidance, better communication and more balanced decision-making, particularly since GIC became non-deductible in 2025, increasing financial pressure on individuals and small businesses.

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EXTREME weather caused almost $3.5B in insured losses across 264,000 claims in 2025, according to the Insurance Council of Australia. Ex-Tropical Cyclone Alfred was the costliest event at $1.5 billion, while severe spring hailstorms added $1.4B. Five major events were declared significant or catastrophic. Insurers expect costs to rise as more claims arrive and continue supporting recovery efforts, with further extreme weather already impacting Australia in early 2026.

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 Fairfield Falcons Junior Australian Rules Football Club. Featured
Building on a fledgling program
THE Fairfield Falcons Junior Australian Rules Football Club are set for a GIANT 2026 season, after their successful launch on Monday afternoon at Avery Park. 

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IN today’s economic landscape, Australians find themselves working longer hours without a clear plan to retire comfortably or achieve financial freedom.
 
Active income, earnings directly tied to hours worked, has long been the default for most professionals, but experts now say that long-term wellbeing increasingly depends on creating passive, sustainable income streams and strategic retirement planning.
 
From Active Income to Lifelong Freedom is a transformational educational event taking place Saturday, March 7 2026, from 12:00 pm to 4:00 pm AEDT at the Amora Jamison Hotel, Sydney.
 
The session is designed for Australians who want to move beyond trading time for money and build lasting financial security through informed investing and planning.
 
During the four-hour education session, participants will gain practical insights into:
  • Key steps to plan for early retirement and achieve a more flexible lifestyle – practical guidance to help individuals clarify lifestyle goals and chart a path towards flexible, self-directed work. 
  • Self-Managed Superannuation Funds (SMSFs) – what they are, how they work, and how they can be used to take greater control of retirement assets.
  • Passive income from investment portfolios – foundational principles of generating cash flow through diversified assets rather than relying solely on wages.
  • Effective tax and estate planning – strategies that help protect wealth, minimise liabilities, and ensure financial goals are realised across generations.
  • Hot suburbs to watch in 2026 – expert insights powered by data to identify the hottest areas to watch in 2026
 
Tickets are available now and designed to educate, inspire and equip participants with the tools they need to plan their financial future with clarity and confidence.
 

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CLUB MARCONI OFFICIAL BANNED Featured
Investigation revealed fraudulent conduct
CLUB officials are being reminded of their legal obligations and the importance of good governance after the former secretary and CEO of a large Western Sydney club was banned for 12 months and fined $11,000 for dishonest and fraudulent conduct.

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NEW research shows millions of Australians are skipping or rationing medicines due to cost-of-living pressures, with nearly four million unable to afford prescriptions in the past three years. The Pharmacy Guild says cutting the PBS co-payment to $25 from 1 January 2026 will ease access and reduce hospitalisations caused by delayed treatment. Support is strong, with 84% backing lower co-payments, particularly for non-concession patients most affected by rising costs.

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A MAJOR Australian energy company, GE Grid Australia, has been fined $450,000 after failing to report imports of equipment containing the potent greenhouse gas sulfur hexafluoride (SF6) over eight reporting periods from 2018–2022. The Federal Court found repeated, serious breaches of environmental law under the Ozone Protection and Synthetic Greenhouse Gas Management Act 1989. Authorities said the case reinforces that companies must meet reporting obligations, as SF6 has extremely high global warming potential.

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Access News is a print and digital media publisher established over 15 years and based in Western Sydney, Australia. Our newspaper titles include the flagship publication, Western Sydney Express, which is a trusted source of information and for hundreds of thousands of decision makers, businesspeople and residents looking for insights into the people, projects, opportunities and networks that shape Australia's fastest growing region - Greater Western Sydney.