According to scoop from Australia’s Woman’s Day, the couple’s contract will expire on their third wedding anniversary later this month, and the actress is said to be increasing her demands on everything from her clothing allowance to her negotiated fee for providing a sibling for the couple’s young daughter, Suri.

Katie, 30, has called in her lawyer dad to help her demand for an extra 500,000 dollars for supporting Cruise’s controversial faith in Scientology; she’s demanding an increase in her annual clothing allowance from $750,000 dollars to $2 million dollars.

Katie is also vying for a role in the next Mission: Impossible film.

The film, to be directed by Galt Niederhoffer, also stars Anna Paquin, Josh Duhamel, Malin Akerman, Elijah Wood, Adam Brody and Jeremy Strong, Variety has learned.

The Romantics revolves around eight friends from college who reunite for a wedding, where Holmes plays Laura, the maid of honor to Paquin’s Lila, the bride. Laura and Lila are best friends who both have a past with the groom played by Duhamel.

“Tom has great taste,” the 30-year-old actress says of the 47-year-old in the November issue of Elle Magazine.

Along with being outspoken on Scientology, Tom has also been known to offer up his thoughts on Katie’s apparel.

“He usually likes everything [I wear], but sometimes I’ll walk out and he’ll say, ‘I think that dress might be wearing you. You don’t need that.’”

Katie’s Favorite Designers: “I love Alaïa, for sure. Stella McCartney. I like Ralph Lauren because I feel like it’s very American, and I’m pretty all-American, from Ohio,” Katie said when asked which designers she loves. “Isabel Marant and a new designer, Sari Gueron.”

Katie On Family: “In my own life, my whole world really revolves around family…..I do what I need to do, but it’s like, ‘How is everybody else doing?’ And it’s wonderful for me as an actress to put some of that into a character.”

Katie On Movies: “It can be any genre. I even like vampire movies – they just have to be well done. I want to believe in the characters. The minute it starts to feel not real, I’m not interested.”

Katie even asked legendary shoe designer Christian Louboutin to create special footwear for her pint-sized stylista.

“When Katie gets the Louboutins she always gets a few pairs so Suri can wear new shoes every time,” the source added.

Suri routinely sports designs by Giorgio Armani, Donatella Versace, and Burberry. Family friend Victoria Beckham is also said to have commissioned designer Robert Cavalli to make a dress for Suri.

Katie recently launched her own fashion line with celebrity stylist Jeanne Yang, and names her three-year-old Suri as her very own style icon.

“I’m truly inspired by my daughter Suri,” Katie said at the launch. “She just loves dressing up.”

Victoria’s long-time pal Taylor Clyne claims TomKat has been bumped from the No. 1 spot on The Beckhams list of celebrity friends. Ironically, the soccer ace and the fashion-forward former Spice Girl were once so close to Tom and Katie that Tom inspired the name of the youngest of the couple’s three sons, Cruz Beckham. But the days of family fun days at L.A. Galaxy games are over for The Beckhams and The Cruises, who rarely see one another.

“Victoria and David have moved on from Tom and Katie,” Taylor tattles in the Sept. 21 issue of NW Magazine. “They used to do everything together, but now they only meet up very occasionally. Now, they’re hanging with Demi and Ashton … They’ve expanded their social network.”

The line is a collaboration between the actress andstylist Jeanne Yang — who designed Katie’s dress for last year’s Tropic Thunder premiere, as well as the classic jumpsuit she wore to her Broadway debut. The collection — called Holmes & Yang — is targeted toward women and children and will be “full of classic flare,” the mag reports.

Katie’s rep confirms that the line will be sold exclusively at Maxfield Department Stores in Mexico this fall.

A follow-up to the hit 2008 film based on the longrunning HBO series is currently in the works — and Mrs. Tom Cruise is rumoured to be in negotiations to join the cast – as a rival to Kim Cattrall’s maneating Samantha.

A source tells The Sun: “The character they want her to play is a really ballsy, high-powered company executive who tangles with Samantha.”

Sex And The City 2 is slated for a May 2010 release. Shooting on the film is expected to get underway later this year.

Mrs. Cruise is in Australia filming Don’t Be Afraid of the Dark. On Monday, Katie shot scenes in a car that later caught fire after the battery blew up.

“Katie was very shaken by the ordeal,” a source told Mail Online. “She took the rest of the day off while special effects staff looked over the faults. Katie has filmed scenes since but it has made her think about her safety on set. She will be shooting the same scene at a later date.”

The insider added, “She’s obviously very nervous about it.”

No one was injured in the explosion.

We can’t wait to hear your thoughts on the performance!!

Katie’s taped segment aired near the end of the show — she said her reason for doing the show was to introduce the new Dizzy Feet Foundation to the world. The charity, which she co-founded alongside SYTYCD judge Nigel Lythgoe, director Adam Shankman and Carrie Ann Inaba of Dancing With the Stars — is aimed at helping underprivileged youths become professional dancers. The group also provides scholarships to dancers, choreographers and dance teachers.

“I think it’s important to let kids experience music and dancing and singing and the arts and also sports,” she said.

“I want to thank Katie Holmes for working so hard on that routine,” Nigel said following Katie’s dance.

Katie Holmes will perform on the milestone 100th episode of FOX’s summer reality hit So You Think You Can Dance this Thursday, July 23.

In this sneak peek video from tomorow’s show, the actress chats with host Cat Deeley about her “Get Happy” song-and-dance tribute to entertainment legend Judy Garland, as well as The Dizzy Feet Foundation — a newly-formed charity group helping underprivileged children become professional dancers.

“It is to give scholarships to these young kids,” Katie tells Cat of the charity — which was a collaborative effort with Nigel Lythgoe, Dancing with the Stars judge Carrie Ann Inaba and director and choreographer Adam Shankman. “I think it is important to experience music and dancing and singing and the arts and sports. This is the next generation. I think it is important to give them every opportunity to grow and discover what it is that they like and to have access to the best.”