Minimum Wage and Salary Thresholds Effective 1/7/17

Here are some useful numbers for you and your HR team, all effective 1/7/17:

  1. Minimum wage – $694.90 per week (3.3% increase)
  2. Modern Award pay rates   all increased by 3.3%
  3. Unfair dismissal threshold – $142,000 (maximum payout is $71,000)
  4. Maximum salary employers have to pay super on – $211,040 ($52,760 per quarter)
  5. Super guarantee – still 9.5%, no change scheduled until 1/7/21 (then .5% yearly increase to 12% from 1/7/2025)