v25.2.00

Release Date: 25 June 2025
Software Version: 25.2.00

Your payroll system has been updated with important compliance changes for Australia and Canada. Here's what's new:

🇦🇺 Australia - New Financial Year Updates (Effective 1 July 2025)

Superannuation Changes

✅ Superannuation Guarantee increased to 12% (from 11.5%)
✅ Quarterly super contribution cap reduced to $62,500 (from $65,070)
Applied automatically for employees using default settings

Tax Updates

⏩️ Tax Rates and thresholds for FY25-26 remain as per previous financial year
⏩️ Medicare levy thresholds remain as per previous financial year
✅ Study and Training Support Loans (STSL) thresholds updated per ATO guidance

Reporting Changes

⏰ Lump Sum E reporting threshold removed for new financial year - no payroll system impact

Reminder that the Lump Sum E threshold is being removed, and any back payments older than 12 months must be reported as a Lump Sum E, even if it's only $5.

✅ Updated ETP and redundancy payment thresholds (reference values - you must manually apply correct amounts)

📝 Actions Required! - Verify Update and Operations

Important: Complete these actions before your first July pay run to ensure compliance.

If you have employees with custom superannuation rates (not 11.5%) or custom quarterly caps (not $65,070), these settings were not automatically updated.

How to check:

1. Go to Employees → Saved Searches → Add
2. Search for employees with Superannuation Rate ≠ 12% or Quarterly Threshold ≠ 62500
3. Review results and update manually where new FY25-26 rates should apply
4. Verify your payroll staff can access the Employees section
5. If you use Administrator roles for payroll, confirm the Payroll Centre tab is still accessible

Need step-by-step help? See our complete FY25-26 update guide with screenshots and detailed instructions.

🇨🇦 Canada - Mid-Year Tax Updates (Effective 1 July 2025)

Provincial Tax Changes

✅ Alberta: New 6% tax bracket implemented
✅ Basic Personal Amount updates for Prince Edward Island, Saskatchewan, and Manitoba (prorated from July 1st)

Coming Soon

🔄 Federal tax reduction to 14% - We're monitoring the legislative process and will implement this change as soon as it receives legislative confirmation

System Improvements

✅ Enhanced tax calculation processing
✅ Better support for mid-year tax changes

🔧 System Improvements

We've made several behind-the-scenes improvements to enhance system performance and reliability:

✅ Faster payroll processing
✅ Improved error handling
✅ Enhanced reporting accuracy
✅ Better system stability

Need Help?

Resources

📖 Australia FY25-26 Update Verification Guide: All changes and required actions
📖 Bundle Update Role Changes: Understanding how updates impact roles and center tabs
📖 Australia End-of-Year Guide: Year-end checklist and STP finalisation

Support

💬 Help Centre: Browse our knowledge base

Your payroll system is now ready for processing pay runs with dates from 1 July 2025 onwards.