Fair Work Ombudsman- Minimum Wage increase effective as of 1st July 2022 + Superannuation Changes in effect as of 1st July 2022
Minimum wages increase from 1 July 2022
From the first full pay period on or after 1 July 2022, minimum wages increased under the National Minimum Wage and under most awards.
Fair Work Ombudsman have updated their pay tools, information and resources with the new rates for the first set of awards affected.
You can:
- use the Pay and Conditions Tool to calculate your new pay rate (including allowances)
- go to the Pay guides page to access the updated pay guide for your award
- use the Find my award tool to check what award you're covered by.
Superannuation changes from 1 July 2022
There are changes to superannuation (super) taking effect from 1 July 2022. This includes the:
- removal of the $450 super guarantee threshold – go to the Australian Taxation Office (ATO) website to learn more about this change: Removing the $450 per month threshold for super guarantee eligibility
- increase in the super guarantee rate from 10% to 10.5% – visit the ATO website to learn more about this increase: Get ready for super changes from 1 July
If you want to understand your super obligations or entitlements, go to ATO – Super
Under the superannuation guarantee, employers must pay superannuation contributions of 10.5% of an employee's ordinary time earnings when an employee is:
- 18 years and over, or
- under 18 years and works 30+hours a week
You can use the ATO’s eligibility tool to determine if you must pay super for an employee.- Questions | Super guarantee eligibility tool (ato.gov.au)
Visit the ATO website for further information- Super for employers | Australian Taxation Office (ato.gov.au)
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