Minimum Pay Rates

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Junior employees (those aged from 16 to 20) are entitled to a percentage of the minimum wage  calculated on a sliding scale by reference to their age.

For modern award covered employees, minimum  wages are increased by 3%, rounded to the  nearest 10 cents.

The default casual loading is increased to 25%

High Income Threshold

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Award and enterprise agreement  free employees who earn over the High Income Threshold aren’t  eligible to make a claim for unfair dismissal.

Statutory Superannuation - Maximum Contributions Base

The earnings base upon which statutory superannuation contributions are calculated is subject to a  maximum amount known as the Maximum Contributions Base.

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And don’t forget the statutory superannuation contribution increases from 9.25% to 9.5% effective 1 July 2014.

Tax free threshold for “genuine redundancy” payments

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