Key Business Changes from 1 July 2026: What Australian Businesses Need to Know
As we move into the 2026–27 financial year, several important changes will affect Australian businesses. From wage increases and superannuation reforms to tax incentives and compliance requirements, business owners should understand these updates to remain compliant and maximise available opportunities.
At Gavin Ma & Co, we’ve summarised the key changes taking effect from 1 July 2026.
1. National Minimum Wage Increases by 4.75%
The National Minimum Wage will increase by 4.75% from 1 July 2026.
New minimum wage rates:
- $26.44 per hour
- $1,005 per week (38-hour week)
Employers should ensure payroll systems are updated and that the new rates are applied from the first full pay period commencing on or after 1 July 2026.
2. ASIC Business Name and Company Fees Increase
The Australian Securities and Investments Commission (ASIC) will increase business name and company registration fees in line with CPI adjustments.
Businesses should budget for higher annual review fees and registration costs during the 2026–27 financial year.
For more information, please refer to this link ASIC Fee Updates FY2026–27
3. Payday Super Commences
One of the most significant changes for employers is the introduction of Payday Super.
From 1 July 2026, employers must pay employees’ superannuation contributions at the same time wages are paid, replacing the current quarterly payment system.
What this means for employers:
- Payroll processes may need updating.
- Cash flow management becomes more important.
- Businesses should review payroll software and super payment arrangements.
Employers who prepare early will be better positioned to meet their obligations and avoid penalties.
4. Mandatory Seafood Country-of-Origin Labelling
Hospitality businesses serving seafood must comply with new seafood country-of-origin labelling requirements from 1 July 2026.
Restaurants, cafés, take-away shops and other food service businesses must clearly inform customers where seafood products originate.
Businesses in the hospitality sector should review menus and signage to ensure compliance.
5. New SMS Sender ID Register
A new SMS Sender ID Register will commence from 1 July 2026.
Businesses that use branded text messaging for marketing, customer notifications, appointments or authentication purposes should work with their telecommunications provider or messaging platform to ensure compliance.
The register is designed to reduce SMS scams and improve trust in business communications.
6. Loss Carry Back Tax Offset Returns
The Loss Carry Back Tax Offset will return from 1 July 2026.
Eligible companies can:
- Offset current-year tax losses against profits from previous years.
- Claim a refund of tax previously paid.
- Improve cash flow during challenging economic periods.
This measure may provide valuable support for businesses experiencing temporary downturns.
7. Paid Parental Leave Extended to 26 Weeks
The Australian Government’s Paid Parental Leave scheme will increase to 26 weeks from 1 July 2026.
While payments remain government-funded, employers should consider workforce planning and potential impacts from longer employee absences.
8. $20,000 Instant Asset Write-Off Made Permanent
A major win for small businesses is the permanent extension of the $20,000 Instant Asset Write-Off.
Eligible businesses with annual turnover under $10 million can immediately deduct the business portion of eligible assets costing less than $20,000.
Benefits include:
- Immediate tax deductions.
- Improved cash flow.
- Reduced depreciation record-keeping.
This measure provides greater certainty for businesses investing in equipment, tools, vehicles and technology.
How Gavin Ma & Co Can Help
The 2026–27 financial year introduces several important payroll, tax and compliance changes. Business owners should review their systems, budgets and reporting processes to ensure they remain compliant and take advantage of available tax concessions.
At Gavin Ma & Co, we help businesses navigate legislative changes, manage tax obligations and identify opportunities to improve cash flow and business performance.
If you would like advice on how these changes affect your business, contact Gavin Ma & Co for professional accounting and tax support.
Disclaimer: This article provides general information only and should not be relied upon as taxation, accounting, legal or financial advice. Professional advice should be obtained based on your specific circumstances before acting on any information contained in this article.