We’re in a new financial year, which means many reference points relevant to employment law change, because of annual indexation and changes to the law.

Here are some of the most important applying from 1 July: 

Salary cap for unfair dismissal: $133,000 (up from $129,300: employees paid more than $133,000 base salary per annum cannot claim unfair dismissal)

National Minimum Wage:
 

$640.90 per week

Award minimum wages: all pay rates increased by 3% effective 1 July

Superannuation Guarantee Percentage: 

9.5% (up from 9.25%)
Superannuation Guarantee cap:  $49,430 per quarter - $197,720 per annum (earnings above which are not subject to compulsory contributions)
   
Redundancy tax concessions: in a bona fide redundancy payment, $9,514, plus $4,758 per completed year of service, is tax free
Eligible Termination Payment cap: 

$185,000 (concessional tax treatment below this amount, highest marginal tax rate above). 

Fair Work Information Statement:

This must be given to all employees on commencement of employment.  For the updated version for 2014-15  click here