Head2Head

From 1 July vital changes take place to employment law and annual indexation. Do all the pieces fit within your business to ensure compliance?

Salary cap for unfair dismissal $133,000 (employees paid more than $133,000 base salary per annum cannot claim unfair dismissal)
National Minimum Wage $640.90 per week
Award minimum wage All pay rates increased by 3% effective 1 July
Superannuation Guarantee Percentage 9.5% (up from 9.25%)
Superannuation Guarantee cap $49,430 per quarter – $197,720 per annum (earnings above which are not subject to compulsory contributions)
Redundancy tax concessions in a bona fide redundancy payment $9,514, plus $4,758 per completed year of service, is tax free

 

Not sure what the changes to Employment Law and Annual Indexation means to your business?

Contact us to discuss:
T: 02 4353 4453
M: 0408 420 302
E: info@head2headhr.com.au