The Saturday Edition | 4 July 2026
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What significant changes are happening as the financial year ends?
This is the Saturday edition of Fear and Greed, business news you can use. I'm Michael Thompson, and good morning, Sean Aylmer. Good morning, Michael. Sean, our Saturday show is all about the two of us each nominating what we think is the biggest business news story of the week, the most remarkable story, a mystery category, one that we change up every week to keep things exciting, and then our favourite business-related story. from the last seven days and we are joined by a judge to pick a winner because this is a competition and we are both competitive individuals and we need to have a winner. And the person that has that terrible responsibility is our fear and greed colleague, Adam Lang. Adam, good morning.
Hello, Michael. And hello, Sean. Hello, Adam. Nice sucking up, Michael. Early on. Well done. I just decided to take a slightly different approach this week. I've gone on the attack over the last few weeks from the very beginning of the show, and I just thought I'm turning over a new leaf. It's my new financial year's resolution. Just... Be more kind. Only on this particular show. Everywhere else I'm still going to be nasty and cruel.
How is the ACCC challenging major companies this week?
But this particular show is going to be just a beacon of kindness. What are you looking for in today's judging, Adam?
Uh, economic impact, Michael. Yes. Topical and timely. We want that. A bit of my subjective bias can be played to and throw in melodrama. Give us a show.
A little bit of melodrama. All right. We will, uh, we will do what we can. Let's, uh, let's jump straight in. Sean, are you okay if I kick things off? Say, look how polite I'm being. Hmm. Okay. Okay. Go ahead. All right. Okay. Thank you. Adam, the biggest story this week, it's really, it's a once in a year event. Therefore, just by almost by default, it is the biggest story of the week. It's a big week. It is essentially like Christmas for a business news podcast. End of the old financial year and the start of the new. It doesn't get any bigger than that. And I'll tell you what, when I woke up, on let me see what would have been wednesday morning the first thing i thought was happy new financial year and it was the saddest thing i have ever thought when i woke up and that was the first thing that came into my head all right this podcast has changed me
forever, that that is now the first thing I think of when I wake up on the 1st of July. But with the new financial year comes changes that affect every single working person in this country, every single business. So we're getting some interference in the studio. It feels like there's almost this yawning noise in the microphone.
Or jet planes flying close.
It must be something because it surely couldn't be one Sean Aylmer being rude and yawning through my story. But because everyone's affected by this, Sean, changes to tax rates starting with the lowest income tax rate dropping from 16% to 15%. It'll keep on going then to 14% next year. The national minimum rate, what? National minimum wage. Hello.
What tax changes affect individuals and businesses this financial year?
That's an interesting concept, isn't it? It must be a certain amount of angry at all points. No, the national minimum wage rose by 6%. It is now above $1,000 a week. Other award wages all increased by about 4.5%. A new $1,000 standard deduction for work-related expenses has now kicked in. The instant asset write-off for small business has now persisted. permanent, permanent. That means there forever. Didn't need to explain that. Changes to government funded paid parental leave. That is real social change having been introduced. Income thresholds around the Medicare levy surcharge, private health insurance rebate increase, and perhaps, Adam, if you will, ready your pen for what is The biggest change of all.
Most boring story ever to come up as the main biggest story of the week. Go on.
Payday Super came into effect. Get off on that. Look, there will be some that do, Sean. From this week. You have to be paid your super at the same time as you are paid your wages. Weekly, monthly, whatever. It is an enormous change. It makes it easier to monitor your own super.
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Chapters
8 chapters
1
What significant changes are happening as the financial year ends?
0:06–1:12
2
How is the ACCC challenging major companies this week?
1:12–3:16
3
What tax changes affect individuals and businesses this financial year?
3:16–5:23
4
What are the implications of the new payday super regulations?
5:23–7:58
5
How did the end of the financial year impact market performance?
7:58–10:49
6
What remarkable story emerged regarding OpenAI and its government dealings?
10:49–15:59
7
How is Ford leveraging experienced workers to enhance production?
15:59–21:21
8
What trends are shaping the future of content creation and influencers?
21:21–29:42
Speakers
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