Important legislative and regulatory updates are set to impact Australian businesses from 1 July 2025. These changes include superannuation, minimum wage, registration fees and deductions. Here’s a detailed overview to help you prepare:
National Minimum Wage Increase
From 1 July 2025, the National Minimum Wage will increase by 3.5%.
- New hourly rate: $24.95
- Weekly rate: $948
This increase applies from the first full pay period on or after 1 July 2025. Find out more about the National Minimum Wage.
Superannuation Guarantee (SG) Rate Increase
The Superannuation Guarantee rate will increase from 11.5% to 12%. This rate applies to all salaries and wages for eligible workers paid on or after 1 July 2025. Learn more about super guarantee rates.
Paid Parental Leave Superannuation Contribution
From 1 July 2025, the ATO will begin contributing superannuation on government-funded Parental Leave Pay. Find out more about the Paid Parental Leave Superannuation Contribution.
Denying Deductions for ATO Interest Charges
Small businesses will no longer be able to claim tax deductions for ATO interest charges, such as General Interest Charge (GIC) and Shortfall Interest Charge (SIC), from 1 July 2025. Learn more about the deductions for ATO interest charges.
Business Name Registration Fees
In line with CPI adjustments for the March quarter, the Australian Securities and Investments Commission (ASIC) will revise business name fees:
- Annual registration or renewal will increase from $44 to $45.
- Three-year registration or renewal will increase from $102 to $104.
Learn more about the business name fees increase.
Company Fees
ASIC is also updating company registration and annual review fees:
- Company registration cost will rise from $597 to $611.
- Annual review fees for a proprietary company will increase from $321 to $329.
Learn more about the company fees increase.
These changes present a prime opportunity for businesses to proactively reassess their financial strategies and ensure compliance with upcoming regulations. For personalised assistance or further clarification, we recommend getting in touch with us. We are here to help you navigate these changes smoothly.
The information (including taxation) contained on this website is of a general nature only and neither represents nor is intended to be personal advice on any particular matter. DLA Partners strongly suggests that no person should act specifically on the basis of the information in this document, but should obtain appropriate professional advice based on their own personal circumstances.