On 1 July 2021, a number of employment related financial thresholds increased for the 2021/22 financial year including the 2.5 percent minimum wage increase as well as the new 10 percent compulsory superannuation rate which came into effect on 1 July 2021.
For a summary of the new rates that came into effect on 1 July 2021, please click here to download.
There are also an updated Fair Work Information Statement available on the Fair Work Ombudsman’s website reflecting the 1 July 2021 increase to the national minimum wage. Employers covered by the Fair Work Act 2009 (Cth) must give each new employee the Fair Work Information Statement before, or as soon as practicable after, they start employment. We recommend the Fair Work Information Statement be provided to the employee with their employment contract or as part of their new employee pack.
Employers now also need to give every new casual employee a Casual Employment Information Statement before, or as soon as possible after, they start their new job.
If you would like further information regarding any of the changes that have come into effect on 1 July 2021 and what it means for your business, please get in touch with the Employment team at McCabe Curwood.