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HomeAUHow NSW's Latest Public Holiday Could Impact Small Business Finances in 2023

How NSW’s Latest Public Holiday Could Impact Small Business Finances in 2023

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With the state’s latest Anzac Day holiday set to fall on Saturday, April 25, NSW Premier Chris Minns confirmed that the following Monday will also be recognised as a public holiday, causing additional staffing costs for small businesses statewide.

Anzac Day will fall on a Sunday next year, prompting the introduction of a second holiday to accommodate the occasion.

NSW Premier Chris Minns insisted he would only move ahead with the proposal of an extra Anzac Day public holiday with the blessing of the RSL.
Minns acknowledged that small businesses are set to face the brunt of the additional holiday. (Sam Mooy)

The government has recognized that this extra day off could place added financial strain on small businesses, primarily due to the penalty rates associated with public holidays.

The Premier of New South Wales has pointed out that small businesses are likely to bear the impact of this extra holiday, describing it as “somewhat of an additional burden.”

Laurence McLean, Director of Operations at Peninsula Australia, said the change shows the importance of businesses having a clear understanding of their entitlements and obligations.
ANZAC Day parade on the streets of a regional country town
NSW’s latest public holiday is set to pressure small businesses. (Getty)

“For small businesses working with narrow profit margins, having an extra public holiday right after a weekend can be challenging,” McLean mentioned, especially considering that the preceding Saturday is already designated as a public holiday.

“In such scenarios, with Anzac Day occurring on April 25, staffing choices and operational strategies may be affected,” he added.

“Reviewing rosters, confirming entitlements, and ensuring compliance with the Fair Work Act will help employers prepare effectively,” she added.

The government has acknowledged that the latest public holiday has not been welcomed by all business owners, despite framing it as an opportunity for the broader community to participate in Anzac Day events. 

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