The End of Financial Year is upon us here in Australia, and Sybiz is committed to helping our customers through a smooth transition to FY2025/26. Our annual EOFY Webinar, held 13 June 2025, walked through a high-level overview of common processes and reports in both Sybiz Vision and Sybiz Visipay. As you prepare your own organisation for the transition, here are some key changes and dates to keep in mind:
2025/26 Tax Scales and STSL
STSL (HECS/HELP/SFSS) rates will change in the upcoming financial year. The tax rates will remain the same as the previous year. Updates will download automatically within Visipay and activate upon rolling the year. The currently active rates are displayed on the upper right corner of the ribbon within the software.
Superannuation Guarantee rates
The last in a legislated multi-year increase, the Superannuation Guarantee rate bumps up to 12% in the new financial year. At the same time, the maximum quarterly contribution base is changing to $62,500, a decrease from FY2024/25’s base of $65,070. Businesses with a large number of staff types may find it helpful to modify these values using the staff type import/export function, as detailed here. These changes can be made after you’ve rolled the financial year and before the first pay of the new year.
Super Guarantee Payments due date
Super Guarantee payments must be completed by 28 July 2025 at the latest to avoid paying the super guarantee charge (SGC). If minimum payments are not made by this date, employers must lodge an SGC statement by 28 August 2025.
STP reporting
All STP reporting must be complete and submitted to the ATO by 14 July 2025 for the 2024/25 financial year. This will allow employees to check their income statements via MyGov and use the finalised information for tax return purposes. Sybiz Visipay has a unique pay event type to streamline this process — the Employment Income Statement.
Payday Super
While Payday Super is still pending legislation, we’re anticipating the changes in advance by introducing the Ordinary Time Earnings (OTE) flag into the software. STP2 reporting of OTE will most likely become mandatory at the beginning of the 2026/27 financial year; prior to that, your organisation may need to review its pay items to ensure you’re in compliance. These changes will be rolled out in our next minor release of Sybiz Visipay 25.10, set for release from mid-July to early August. We’ll have more information about Payday Super as it becomes available; be sure to sign up for our monthly newsletter for the latest information on new features and enhancements in both Sybiz Visipay and Sybiz Vision.
