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ARTICLE · 28 JUNE 2018

A new financial year, new numbers to remember

This is a summary of some of the key changes in the workplace, employment law and superannuation effective 1 July 2017.

AustraliaEmployment and HR

Here's a summary of some of the key changes effective 1 July 2018

Minimum Pay Rates

National Minimum Wage (before statutory superannuation)
2017/2018 financial year 2018/2019 financial year
$694.90 or $18.29 per hour $719.20 or $18.93 per hour

Junior employees (those aged from 16 to 20) are entitled to a percentage of the minimum wage calculated on a sliding scale by reference to their age.

For modern award covered employees, minimum wages are increased by 3.5%, rounded to the nearest 10 cents.

The default casual loading is maintained at 25%.

High Income Threshold

High Income Threshold (before statutory superannuation)
2017/2018 financial year

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