Greatest Good July 2025 Regulatory Update
A summary of the key regulatory updates and announcements affecting the for-purpose sector.
Legislative announcements and changes
Our regulatory updates provide a summary of the key regulatory updates and announcements affecting the for-purpose sector. Key items this month include:
- The right to disconnect legislation applies to small businesses and their employees from August 26
- The ATO extends NFP self-review reporting deadline after only 20% of reporting entities meet the deadline
Guidance and updates
- BlueRock has produced a must-do accounting and business tasks list and key lodgements for the 2025-26 financial year
- As AI tools rapidly enter the boardroom, many directors are asking: can we trust them to take our minutes? The AICD and Governance Institute provide some guidance to help you
Top tier legal firm King&Wood Mallesons has some sage advice on using AI for board minutes and board papers - Also on AI, the AICD has produced a list of 10 key questions board should be asking in creating an AI strategy
- The Federal Government has created a detailed guide to protecting your business to stay strong and resilient
- The Victorian Equal Opportunity and Human Rights Commission has launched the Guideline: LGBTIQA+ inclusive workplaces
Disclaimer: This does not purport to be comprehensive or to render legal advice. You should not act based on any information contained in this publication without first obtaining specific professional advice. Consult your legal advisor to determine if this applies to you.
