A new year always brings change, and 2026 is no exception. From cheaper medicines to new business regulations, Australians will see a wave of updates come into effect starting January 1. Some of these reforms are practical, some are controversial, and others—well, they’re bound to spark debate around dinner tables across the country.
Tighter Rules for Big Business Deals
Businesses will be under closer scrutiny this year, with the Australian Competition and Consumer Commission (ACCC) introducing new reporting requirements for large mergers and acquisitions. Any deal involving companies with a combined Australian turnover of $200 million or more must now be reported to regulators. Even smaller acquisitions could trigger a review if the company being bought earns more than $50 million locally.
Supporters say these rules will help stop big corporations from quietly swallowing competitors, but critics argue they’ll add red tape and make mergers unnecessarily complex. For large corporations—especially serial buyers—these rules could make expansion a much trickier process.
Cash Is Still King (for Now)
In an age where digital payments rule, one new policy is turning heads. From January 1, most fuel and grocery retailers are now required to accept cash payments for transactions up to $500, made between 7 a.m. and 9 p.m. The move aims to protect older Australians and those who prefer not to use cards or mobile payments.
Small businesses with an annual turnover under $10 million are exempt—unless they share a trademark with a larger company. For many, this rule is a nod to inclusivity, ensuring cash doesn’t disappear completely from daily life.
A Healthcare Boost: Cheaper Medicines and a New CDC
One of the most welcome changes is a reduction in the Pharmaceutical Benefits Scheme (PBS) co-payment. From January 1, the general patient cost per prescription drops to $25, down from $31.60, while pensioners continue to pay $7.70 per script. It’s a small but meaningful saving for families struggling with rising costs.
On the same day, Australia’s new Centre for Disease Control (CDC) officially opens. Led by Professor Zoe Wainer, the CDC aims to strengthen the country’s response to public health threats—a lesson learned from the pandemic years. The centre will focus on preparedness, prevention, and rapid coordination in times of crisis.
Changes for Apprentices, Students, and Job Seekers in 2026
Support for apprentices is also changing. Payments for those completing programs in priority sectors like aged care and disability support are being reduced from $5,000 to $2,500, while employers will also receive less financial assistance. On the flip side, apprentices in clean energy, construction, and housing sectors can now receive up to $10,000 in support, plus an extra $5,000 for their employers.
Meanwhile, youth payments such as Austudy, Abstudy, and the Youth Allowance are being adjusted for inflation. An independent adult receiving Youth Allowance will now earn $677.20 per fortnight, up $13.90, and the Carer Allowance will rise to $162.60 per fortnight. For many students and young Australians, it’s a modest boost—but one that might make life just a little easier.
Defence, Privacy, and Childcare Reforms
From now on, Papua New Guinean citizens who are permanent residents in Australia can join the Australian Defence Force (ADF)—a change born from the new Pukpuk Defence Treaty signed last October. The move reflects growing ties between the two nations and is expected to strengthen regional cooperation.
Another notable reform comes in the realm of privacy. The Office of the Australian Information Commissioner (OAIC) will begin auditing businesses to ensure they’re following proper privacy laws, especially those collecting personal data in person—like real estate agencies. Non-compliant companies could face fines of up to $66,000.
Families will also welcome the expansion of childcare subsidies, giving over 100,000 families access to more affordable care. For working parents, this change could be a game-changer, allowing them to balance family and career with less financial strain.
