Snapshot of Key Actions for FY 2025–26
The new financial year brings a wave of regulatory updates and financial shifts.
This snapshot outlines the essential steps your business should take to stay compliant, optimise performance, and unlock new opportunities.
Minimum Wage Adjustment
From 1 July 2025, the National Minimum Wage rises to $945.00 per week or $24.90 per hour, with award wages increasing by 4.0%.
What to do:
Update payroll systems and employment contracts.
Communicate changes to employees to manage expectations.
Review relevant industry award changes.
Vehicle Cost and Tax Thresholds
The car cost limit for depreciation is now $69,674, with a GST credit cap of $6,334.
What to do:
Adjust depreciation schedules for new asset purchases.
Factor thresholds into vehicle acquisition planning.
Superannuation Guarantee and Contribution Caps
The superannuation guarantee (SG) rate increases to 12% effective 1 July 2025.
Contribution caps:
Concessional: $30,000
Non-concessional: $120,000
Bring-forward arrangement: $360,000
What to do:
Update payroll settings and ensure updated.
Communicate change to employees.
Licence and Permit Renewals
Many business licences renew with the financial year.
What to do:
Audit current licences.
Schedule renewals and seek legal advice if needed.
Single Touch Payroll (STP) Phase 2
STP Phase 2 enforcement continues with expanded reporting requirements.
What to do:
Upgrade payroll software.
Train staff and monitor compliance.
Unfair Dismissal Threshold
The threshold increases to $183,100.
What to do:
Update HR policies and employment contracts.
Communicate changes to relevant staff.
Right to Disconnect
Employees now have the legal right to disengage from work communications after hours and will apply to employees of small business employers from 26 August 2025.
What to do:
Update company policies.
Train managers and monitor compliance.
Paid Parental Leave Expansion
Eligible carers of children born or adopted from 1 July 2025 can access up to 24 weeks of Paid Parental Leave.
What to do:
Update HR documentation.
Communicate with employees.
Loan Management for Cost Savings
Refinancing and payment frequency adjustments can yield savings of $2,600+ annually.
What to do:
Consider switching to weekly or fortnightly payments.
Work with a broker to secure better rates.
ATO Interest Deductibility
From 1 July 2025 taxpayers are no longer able to claim a tax deduction for ATO interest charges incurred after this date on both General Interest Charges (GIC) and Shortfall Interest Charges (SIC).
What to do:
Consider ATO outstanding lodgements and debt positions.
Stay ahead of the curve
If you need help implementing these changes or want tailored advice for your business, get in touch with our Accounting & Business Advisory team today.