SUPERANNUATION
From 1 July 2013, the compulsory superannuation guarantee
increased from 9 per cent to 9.25 per cent.
UNFAIR DISMISSAL
From 1 July 2013, employees who now earn in excess of $129,300
p.a. are barred from bringing unfair dismissal applications unless
they are covered by an enterprise agreement or a modern award.
REDUNDANCY
In the 2012/2013 financial year, a genuine redundancy payment was
tax-free up to a $8,806 base amount plus a $4,404 service amount
multiplied by the number of years of service. For the 2013/14
Financial Year, these amounts become $9,246 and $4,624
respectively.
MINIMUM WAGE
From 1 July 2013, the national minimum wage has been increased by
2.6% to $622.20 per week or $16.37 per hour. Rates of pay under the
Modern Awards will also increase as a result of this minimum wage
decision.
