March 2025 update from the Commission

The Commission is pleased to release our 2024 Annual Report. In 2024, small businesses continued to face ongoing uncertainty and a difficult trading environment. The Commission continues to evolve our services to meet these changing needs. More information about the Commission’s activities across its work in advocacy, mediation and engagement are highlighted in the report.  

Many of our Northern Rivers small businesses are recovering from the impact of ex-Tropical Cyclone Alfred. The Commission encourages small businesses to prepare for the unexpected, including natural disasters and other business interruptions. The NSW Small Business Commission has a range of resources to assist small businesses to prepare and respond to natural disasters. We encourage all small businesses to review their business continuity plans and consider ways to mitigate and manage risks. 

The latest Momentum Survey has shown a stabilisation in confidence levels between January and February 2025, with small business confidence increasing by one percentage point to 25 per cent.  

The Australian Government’s 2025–26 Budget was released on 25 March. Find out more about how the Budget could impact your business, including industry-specific initiatives for the year ahead.  

For small business owners approaching the payroll tax threshold, it’s vital to stay informed about this important tax obligation. Find out more about payroll tax, including top tips for small employers near the payroll tax threshold.  

Recent changes to workplace laws in Australia have redefined what it means to be a casual employee. These changes impact: how casual employment is assessed, the rights of casual workers to convert to permanent employment, and employer obligations to provide casual employment information statements. 

In the latest in our My Business Story series, we are delighted to hear insights from: 

• Annette Brodie and The Reconnect Project, which operates as a charity and social enterprise, has battled problems such as COVID-19, cash flow and skillset gaps. Annette overcame the challenges and has some tips for women looking to start their own businesses. 
• Kai Ellman and Restaurant By Kai which embraces cultural diversity to bring a new product offering to market. Kai says to embrace your unique culture and leverage what you have to offer, particularly to get creative and don’t be afraid to bring it to the Australian market.  

Key dates in April and May: 

• 17 April 2025 – ABS Labour Force, Australia – March 2025 
• 30 April 2025 – Consumer Price Index, Australia – March Quarter 2025 
• 2 May 2025 – ABS Retail Trade, Australia – March 2025 
• 3 May 2025 – Federal Election 
• 14 May 2025 – ABS Wage Price Index – March 2025 
• 15 May 2025 – ABS Labour Force, Australia – April 2025 
• 28 May 2025 – ABS Monthly Consumer Price Index – April 2025 
• 30 May 2025 – Australian Industry - 2023-24 Financial Year