Here are some useful numbers for you and your HR team, all effective 1/7/17:
- Minimum wage – $694.90 per week (3.3% increase)
- Modern Award pay rates – all increased by 3.3%
- Unfair dismissal threshold – $142,000 (maximum payout is $71,000)
- Maximum salary employers have to pay super on – $211,040 ($52,760 per quarter)
- Super guarantee – still 9.5%, no change scheduled until 1/7/21 (then .5% yearly increase to 12% from 1/7/2025)