1 July 2017 brought a number of changes that directly affect employees and employers.
Following the Fair Work Commission’s decision on 6 June 2017, both the national minimum wage rate and the modern award minimum wage rates will increase by 3.3% from the first full pay period after 1 July 2017.
Whilst the superannuation guarantee remains at 9.5%, the maximum superannuation contribution base will increase from $51,620.00 to $52,760.00 per quarter.
The high-income threshold under the Fair Work Act 2009 increased to $142,000. This means that the maximum cap for unfair dismissal remedies (being 26 weeks’ pay) is now $71,000.
From 1 July 2017
|National Minimum Wage||$694.90 per week, $18.29 per hour|
|Modern Award Minimum Rates||3.3% increase|
|Superannuation Guarantee||9.5% of ordinary time earnings (unchanged)|
|Maximum super contribution base||$52,760 per quarter|
|Maximum compensation for unfair dismissal||$71,000|
If you have any questions about employment law, please contact Adam Foster on (03) 9629 9629 or by email.