Australia Lifts Minimum Wage 4.75% to A$26.44 an Hour as Payday Super Starts July 1
Updated
Updated · Lander & Rogers · Jun 29
Australia Lifts Minimum Wage 4.75% to A$26.44 an Hour as Payday Super Starts July 1
3 articles · Updated · Lander & Rogers · Jun 29
Summary
A$26.44 an hour becomes Australia’s new national minimum wage from the first full pay period on or after July 1, with modern award rates also rising 4.75%; casual minimum pay increases to A$33.05.
July 1 also starts payday super, requiring employers to pay super contributions alongside wages rather than quarterly, with penalties possible if funds do not receive payments within seven business days.
A$190,100 becomes the new high-income threshold for dismissals from July 1, while the unfair-dismissal compensation cap rises to A$95,050 and the tax-free redundancy formula increases to A$13,598 plus A$6,801 per service year.
Super settings otherwise hold at 12%, but the maximum contribution base rises to A$270,830 a year and the concessional cap to A$32,500.
Paid parental leave expands from 24 to 26 weeks, and the ATO will begin paying 12% super on government-funded parental leave taken in the previous financial year.