Minimum wage from 1/7/23
$882.80 per week (8.6% increase)
$23.23 per hour ($29.04 casual)
$45,905.60 pa ($57,382.00 pa – casual)
Modern Awards increased by 5.75%
Unfair dismissal threshold from 1/7/23
$167,500 (max payout is $83,750) – does not include Super, commissions or bonuses (doesn’t apply to people covered by a Modern Award. No cap for a general protections claim)
$83.30 to lodge a claim with FWC – bullying, unfair dismissal & general protection
Tax-free threshold on ETP from 1/7/23
$11,985 tax-free plus $5,994 for each completed year of service Lump Sum D
Super maximum for employers from 1/7/23
$249,080 pa ($62,270 per quarter)
Super
11% from 1/7/23 then .5% each year until 12% on 1/7/25
Payroll tax NSW FY24
5.45% ($1,200,000 threshold) – no change from FY23
ATO mileage rate FY24 – 85c (was 78c in FY23)