Legislative announcements and changes
Key legislative items this month include:
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The Fair Work Commission has announced changes to junior pay arrangements for employees aged 18 to 20 under the General Retail Industry Award 2020, Fast Food Industry Award 2020, and Pharmacy Industry Award 2020
The Federal Government delivered its 2026 Budget
The ATO Instant Asset Write-Off (IAWO) allows eligible Australian businesses to immediately deduct the business portion of the cost of eligible depreciating assets, helping improve cash flow and support business investment
A reminder that payday super commences on 1 July, with the ATO’s Small Business Superannuation Clearing House to closing on 30 June
Other upcoming changes include changes to SMS branded texts that apply from 1 July 2026 and changes to work from home legislation (1 September 2026)
Guidance and updates
The Governance Institute of Australia, in collaboration with a range of professional services firms, has released a six-part white paper on governance in the age of agentive AI
The Australian Charities and Not-for-profits Commission (ACNC) has released new guidance to support charities that wish to invest money for a financial return, helping organisations better understand their obligations and responsibilities when making investment decisions
The Australian Institute of Company Directors offers a practical guide on governance of culture, grounded in director experience, expert insight and contemporary governance practice
Delivered under the National AI Plan, AI.gov.au brings together practical guidance, tools and resources from across Government in one place, giving businesses, not-for-profits and other organisations a clear and trusted starting point for using AI
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.
