Legal, Accounting & Migration Updates You Need to Know – NEWSLETTER 246

Tailored Finance Solutions for Barristers

Legal Home Loans (LHL) has partnered with BarBooks, an accounting software designed for barristers, to deliver the first-of-its-kind collaboration in Australia.

This partnership offers barristers simplified, expert-driven lending options, including up to 90% borrowing without lenders mortgage insurance, as well as 100% borrowing options for chambers.

By integrating BarBooks’ technology, barristers can streamline financial applications, reduce administrative tasks, and secure outcomes tailored to the unique needs of the legal profession. Privacy and confidentiality remain safeguarded throughout the process.

---

Tax Reform to Support Creative Industries

The Tax Institute has backed NSW’s push for holistic tax reform to better support the arts and culture sector, valued at over $122 billion.

At the Art of Tax Reform Summit held at the Sydney Opera House, experts highlighted how complex tax rules and heavy compliance burdens often hold back artists, performers, and creative SMEs.

A simplified, streamlined tax system could encourage growth, cut red tape, and strengthen Australia’s cultural and small business landscape.

This reform push underscores the vital link between clear tax policy and sustainable industry growth.

---

Subclass 485 & Skills Assessment Changes

Subclass 485 – Two-Year Grant for Hobart Graduates

From 12 September 2025, higher education graduates who studied and lived in Hobart or surrounding postcodes are now eligible for a two-year Second Post-Higher Education Work (PHEW) stream visa, up from the previous one-year grant. This change aligns Hobart with other regional areas, offering graduates greater opportunities to build their future in Tasmania.

TRA Assessment Review Policy

From September 2025, Trades Recognition Australia (TRA) requires applicants to lodge any review requests within 28 days of their assessment outcome. Applications outside this timeframe will not be accepted, though refunds may be offered. Applicants are strongly encouraged to check their outcomes promptly.

VETASSESS Fee Increase

From 22 October 2025, VETASSESS skills assessment fees will rise slightly in line with CPI:

• General/professional occupations: $1,076 (up from $1,070)
• Subclass 485 skills assessment: $852 (up from $832)

Trade occupations remain unaffected.

---

Follow Our Socials