Legislative announcements and changes
Key legislative items this month include:
There is a plethora of regulatory changes coming in on 1 July 2026, including:
- payday super (and closing of the ATO’s Small Business Superannuation Clearing House)
- SMS branded texts
- the minimum wage increases by 4.75%
- paid parental leave is expanding to 26 weeks
Guidance and updates
- From the 2026-27 financial year, eligible companies can offset current-year losses against tax paid in the two previous income years
- The Government is reintroducing loss carry back, to support business risk taking and resilience
- 105 Organisations Unite to Call for Stronger Modern Slavery Laws
- The Australian Taxation Office has launched its 2026 Tax Time Toolkit for Small Business, providing practical resources to help small business owners prepare for tax time with confidence.
- The Australian Accounting Standards Board (AASB) has released AASB 1061 - General Purpose Financial Statements – Not-for-Profit Private Sector Tier 3 Entities
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.
