The flow on impact of a legislative change

From 1st July 2025 onwards Super Guarantee payments by employers increase from 11.5% to 12%.

Just a simple worker entitlement on paper but have you considered the calculations required in your tender applications?

Or in your financial forecasting and budgets for the next 12 months?

For potential labour hire licence applicants - it is an essential change in the financial forecasts you need to supply as part of your Business Plan and application documentation and, our recent evidence has indicated that this has been a stumbling block for a number of new applicants with correspondence asking for a please explain when the figures don’t stack up in the financial forecasting.

Currently, Business Monitor is assisting four companies address such questions from the labour hire authorities, including a current licence holder whose understanding of superannuation obligations for his contractors, in a labour hire arrangement, were not correct - and, as always, “I did not know/understand” is not an acceptable answer.

So, check with your payroll support or accounting teams and ensure you know what this change means for your business and any forward planning - and do a quick check of your obligations - minimising risk to maximise success applies across all aspects of the worker engagement process.

For more detailed information check out the ATO website