15/07/2026
We're two weeks in to the new financial year and a few changes have quietly kicked in from 1 July.
Here are a few worth knowing about, including new transparency laws on seafood:
📣 Super contribution caps increased:
The increase of superannuation caps have gone from $30,000 to $32,500 for concessional contributions, and from $120,000 to $130,000 for non concessional (after-tax) contributions.
📣 Payday Super:
Workers will also receive super contributions on payday, rather than in quarterly instalments, which means they will accumulate larger super balances as a result of compound interest.
📣 Two more weeks of Paid Parental Leave:
Families with a child born or adopted from 1 July can now receive up to 26 weeks of government-funded Parental Leave Pay, up from 24 weeks.
📣 A new look for some text messages:
Businesses must now register the name they use when sending branded SMS messages. Messages using an unregistered sender name will appear as “Unverified”, helping people spot possible impersonation scams.
📣 Lower default electricity prices in several states:
Default electricity prices have fallen in Victoria, NSW and Southeast Queensland. Residential default prices in South Australia have increased slightly. Your actual bill will still depend on your retailer, plan and energy use, so it remains worth checking what you are paying.
📣 New excessive-pricing rules for major supermarkets:
Coles and Woolworths are now prohibited from charging excessive prices for grocery products, with the ACCC responsible for monitoring compliance.
📣 Seafood origins are now easier to spot:
Restaurants, cafés and other hospitality venues must identify seafood as Australian, imported or mixed origin, making it easier to understand where your meal has come from.
A real mixed bag of changes, and as always if you'd like to talk about your personal situation we are only ever a phone call away. In the meantime, we continue to monitor and research the changes to keep you informed.
