Easter Update: What you need to know right now – Payroll, Taxes and trading rules
Easter Update: What you need to know right now - Payroll, Taxes and trading rules

News

  1. New income tax brackets are now in full effect

Last year’s income tax adjustments are now fully in place for the 2024–25 tax year.

That means employees may see slight changes to their take-home pay, impacting payroll calculations.

The consequential changes on fringe benefit tax brackets for attributed benefits such as company cars apply from the 2025-2026 year so now’s the time to double-check your payroll settings to ensure compliance and plan for any FBT adjustments.

  1. Have you adjusted pay for the minimum
    wage increase?

From 1 April 2025, the adult minimum wage increases to $23.50 per hour. Make sure you review payroll settings and budget plans in line with this change.

  1. Get your head around Easter trading rules

Easter Sunday falls on 20 April 2025. Trading laws vary by region, and employees have the right to refuse to work—make sure you’re across your
local rules.

Posted on 08 Apr 2025, under Rule Changes.