The commencement of the new financial year brings with it important changes to minimum wages, unfair dismissal regulation and various tax thresholds and rates.
In this article, Partners Andrew Tobin and Michael Patane, Special Counsel Alana Paterson, Associate Natalie Wissa and Solicitor John Hickey, have summarised the significant changes employers need to be aware of. Depending on your individual circumstances, immediate action may be required from 1 July 2022 to ensure ongoing regulatory compliance.
Increases to minimum wage rates for national system employers
Modern award rates
In accordance with the 2022 annual wage review decision of the Fair Work Commission, all modern award rates of pay will increase by $40.00 per week or 4.6% (whichever is greatest).
This increase will commence from the first full pay period on, or after, 1 October 2022 for the following awards:
For all other awards, this increase will commence from the first full pay period on, or after, 1 July 2022.
National minimum wage
From 1 July 2022, the national minimum wage for adults working full time (38 hours per week) has increased from $772.60...
Manon Jacob and Anuj Chopra From false claims that a historic lunar fly-by was staged in a movie studio to unfounded narratives that footage of the crew was AI-generated, the Artemis II mission ha...