Super and Tax Changes: what you need to know
📌 Important July 1st Updates for Small Businesses
A new financial year brings some important changes that all small business owners; and ITA members should be aware of.
Running a small business means juggling a lot — The Inverloch Tourism Association is to help you stay on top of the changes that matter.
A new financial year has begun, bringing several important updates that all small businesses—and ITA members—need to know:
✅ Superannuation Guarantee to 12%
From 1 July 2025, the Superannuation Guarantee rate increased from 11.5% to 12%. Find out more Ensure your payroll software and cash flow are updated to avoid underpayment.
✅ National Minimum Wage Rise
The national minimum wage has increased by approximately 3.5%, with award minimums updated accordingly. Find out more . Check your employment awards to stay compliant.
✅ Energy Bill Rebates for Small Businesses
Eligible Victorian small businesses can now receive a $150 energy rebate from 1 July 2025, applied in two $75 instalments. Find out more .
✅ Other Financial & Administrative Updates
Additional changes include ASIC company registration and review fee increases, adjustments to super reporting thresholds, and tax deduction reforms. Visit business.gov.au for a full roundup
👥 Need Assistance?
These updates can feel overwhelming—don't go it alone. Connect with local ITA member Sandy from Norts & Crosses Bookkeeping for help navigating everything accurately and confidently.
🔍 Stay informed, stay connected. Visit the ITA Members Resource Centre for resources to support your business and the Inverloch community. Have a topic you’d like us to cover? Let the ITA know — we’re here to help you stay ahead