Business.gov.au have published an article outlining changes that have and will occur for businesses this year.
The changes to businesses that the article focuses on include: changes to postage costs & services, decrease in electricity rates in the Northern Territory, changes to the income thresholds from PAYG monthly instalments, changes to customs brokers, depot & warehouse licence charges and cuts to tariffs under free trade agreements between Australia & China and Australia & Korea.
The article states that the changes to postage costs & services include: regular postage costs increasing from 70 cents to $1 per stamp and a priority delivery service available to all customers.
The article also states that electricity rates in the Northern Territory have decreased by five percent and that some businesses must now report and make PAYG payments monthly, depending on the amount of their income.
The article also states that the changes to custom brokers, depot and warehouse licence charges focus specifically on licence application and renewal charges.
Business.gov.au provides more details on the cuts to tariffs under free trade agreements, as well as the aforementioned business changes. More information can be found here.
In related news, changes to and introduction of laws, rules and policies have come into effect from January 1. These changes and introductions include, but are not limited to: new caps on superannuation income, changes to medication costs and changes to transport laws. More information on these changes and introductions can be found here.