1 July 2025: What You Need to Know

National Minimum Wage Increase 📈

From 1 July 2025, the National Minimum Wage will increase by 3.5%. This means the new National Minimum Wage will be $24.95 per hour, or $948 per week. This increase will apply from the first full pay period starting on or after 1 July 2025. This means if your weekly pay period starts on Wednesday, the new rates will apply from Wednesday, 2 July 2025.

Super Guarantee Rate Increase 🏦

From 1 July 2025, the superannuation guarantee rate will increase from 11.5% to 12%. The 12% rate will need to be applied for all salary and wages paid to eligible workers on and after 1 July. This is even if some or all of the pay period it relates to is before 1 July. This is the final scheduled increase.

Business Name Registration Fees 🏷️

In line with an increase in the Consumer Price Index (CPI) for the March quarter, the Australian Securities and Investment Commission (ASIC) will increase business name fees from 1 July 2025.

• Registration or renewal for one year will increase from $44 to $45.

• Registration or renewal for three years will increase from $102 to $104.

Company Fees 💸

ASIC will also increase company registration and annual review fees from 1 July 2025.

• The cost of registration a company will increase from $597 to $611.

• The annual review fee for a proprietary company will increase from $321 to $329.

Paid Parental Leave Superannuation Contribution 💼

From 1 July, the Australian Taxation Office (ATO) will pay superannuation on government funded Parental Leave Pay (known as the Paid Parental Leave Superannuation Contribution).

Denying Deductions For ATO Interest Charges 📊

You can no longer claim a tax deduction for any ATO interest incurred on or after 1 July 2025, making tax debts more costly for small business. This means that you can no longer deduct General Interest Charge (GIC) and Shortfall Interest Charge (SIC) incurred on or after 1 July 2025 in your income tax return for income years starting on or after 1 July 2025. Interest charged by the ATO that was incurred before 1 July 2025 can still be claimed as a deduction this tax time.