ARTICLE · 25 JUNE 2015

Employment Law: What is changing from 1 July 2015?

Hunt & Hunt

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The article is a snapshot of important changes and new rates which will apply from the start of the new financial year.

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As another new financial year brings in more important changes and new rates apply from 1 July 2015. A snapshot of these changes is set out below.

MINIMUM WAGE INCREASES

$656.90 / week | $17.29 / hr

The National Weekly Minimum Wage that applies to employees not covered by an award or enterprise agreement ("award/agreement free employees") has increased from $640.90 /week or $16.87 /hour.

All modern award minimum wage rates have increased by 2.5% (rounded to the nearest 10 cents).

SUPERANNUATION CONTRIBUTION

$50,810 / quarter | $203,240 / annum

The maximum superannuation contribution base has increased from $49,430/quarter or $197,720/annum.

An employer is not required to make superannuation contributions on behalf of employees on earnings in excess of that maximum contribution base.

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