What 2025 rule updates mean for you

Rental contracts live on the books

The rental rule now reaches nearly every private firm: premises, machinery, and vehicle agreements beyond a year must show as usage rights against matching debts. Where lending terms cite total debt, recompute them — this single shift nudges some borrowers toward their ceilings.

Bad-debt provisions turn painless

Compact firms may now apply a simplified route for expected credit shortfalls on customer balances — effectively an evidenced age-based allowance rather than an elaborate prediction engine. Record the approach once, repeat it faithfully, and reviewers will sign off.

Ownership disclosures return to the diary

The ownership-disclosure regime keeps shifting through the courts. Standing counsel: assemble the pack today (identification, holding ratios, formation papers) to lodge within days once positions harden. Customers on compliance coverage have this watched for them automatically.