The countdown is on. In just weeks, Australia's superannuation system will undergo its most significant transformation since compulsory employer super was introduced over three decades ago.

As the end of financial year approaches, many business owners begin reviewing planned equipment purchases and investment opportunities for the year ahead.

Despite some green shoots late last year, the Australian economy has again turned a corner for the worse, with inflation too high and the RBA again raising rates as a result.

Australians are facing new challenges as the rising cost of living impacts daily routines and household decisions.