66 - EOFY Legal Checklist

EOFY Legal Checklist for Australian Businesses: 7 Actions to Take in the Final 6 Days In the final six days of the 25–26 financial year, Melissa Bush presents a practical end-of-financial-year legal checklist for Australian businesses to address overlooked compliance risks before 1 July. She outlines seven key actions: audit employment contracts, classifications, and pay arrangements ahead of wage increases; reconcile any outstanding super contributions before payday super and increased ATO visibility begin; review aged receivables and issue formal payment demands for invoices over 60 days (and seek legal advice for debts over 90 days); confirm ABN, business name, licenses, permits, and ASIC details are current; check major contracts for automatic renewal clauses and notice windows; reassess whether the business structure, shareholders’ agreement, and (if applicable) trust distribution resolutions are fit for purpose before 30 June; and update personal documents, especially a current will and enduring power of attorney, to support business continuity. 00:00 Six Days Left 01:21 Podcast Intro 02:27 Why This Checklist 03:23 Audit Employment Setup 05:39 Reconcile Super Now 07:32 Overdue Invoices Plan 09:17 Update Registrations 11:17 Avoid Auto Renewals 13:11 Rethink Structure 14:55 Wills And POA 17:06 Seven Item Recap 18:33 Year End Wrap Up