The latest issues, decisions and proposed changes impacting business and workplace risk

New financial year, new obligations

By: Tarsha Gavin and Sophie Bell

Key employment changes taking effect from 1 July

The start of the new financial year marks the commencement of a number of changes to pay rates, superannuation, parental leave and non-disclosure agreements (NDAs). We explain the key changes employers need to be aware of.

National minimum wage and award rate increases

Following the Fair Work Commission's 2026 Annual Wage Review, from the first full pay period on or after 1 July 2026:

• the national minimum wage has increased by 6% to $1,004.90 per week or $26.44 per hour; and
• minimum rates under modern awards have increased by 4.75%.

Increase to high income threshold and compensation cap

A number of key monetary thresholds have increased on 1 July 2026, including:

• The high income threshold has increased from $183,100 to $190,100. The threshold is relevant when determining whether certain employees can access unfair dismissal protections and also affects the operation of guarantees of annual earnings.
• The maximum compensation available in an unfair dismissal claim increased to $95,050, reflecting the increase to the high income threshold.

Payday Super has commenced

The long-awaited Payday Super reforms have now commenced. From 1 July 2026, employers are required to make Superannuation Guarantee (SG) contributions each pay cycle, replacing the previous quarterly...

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