1. Payroll Governance:
   • Employers should use tax and super software to record payment amounts.
   • Withhold the correct amount of tax.
   • Calculate super guarantee (SG) correctly.
2. Upcoming Obligations:
   • PAYG Withholding: From 1 July, individual income tax rate thresholds and tax tables will change, impacting PAYG withholding for the 2025 tax year.
   • SG Rate Change: From 1 July, the SG rate will increase to 11.5%. Ensure timely SG contributions to the correct fund by 28 July.
   • Single Touch Payroll (STP) Reporting: Make STP finalisation declarations by 14 July for all employees paid during the financial year. Verify year-to-date amounts and ensure accurate declarations for the 2023–24 financial year.

Remember to review payroll policies and procedures to account for any changes that could impact your business.