12 July 2013
Practice Group(s):
Labour, Employment
and Workplace Safety
Key Financial Threshold Changes Effective
1 July 2013
By Belinda Copley, belinda.copley@klates.com
A number of employment related financial thresholds are indexed annually. Below is a summary of
some important changes effective 1 July 2013.
National Minimum Wage (Before Statutory Superannuation)
2013/2013 financial year
2013/2014 financial year
AUD606.40 per week, or AUD15.96 per hour
AUD622.20 per week, or AUD16.37 per hour
The national minimum wage is the weekly/hourly rate for non-award covered employees. Please refer
to the relevant Modern Award for applicable minimum wages for Award covered employees.
High Income Threshold for Unfair Dismissal Applications and Guarantees of
Annual Earnings (Before Statutory Superannuation)
2013/2013 financial year
2013/2014 financial year
AUD123,300
AUD129,300
Where an employer can guarantee that an employee will earn more than the high income threshold,
the employer and employee may enter into a Guarantee of Annual Earnings excluding the employee
from Award coverage.
Maximum Compensation for Unfair Dismissal Applications
2013/2013 financial year
2013/2014 financial year
AUD61,650
AUD64,650
Annual Superannuation Guarantee Contribution Rate Increases
Financial year
Superannuation Guarantee Charge (SGC) rate
2013/2014
9.25%
2014/2015
9.50%
2015/2016
10.00%
2016/2017
10.50%
2017/2018
11.00%
2018/2019
11.50%
2019/2020
12.00%
Key Financial Threshold Changes Effective 1 July 2013
Authors:
Belinda Copley
belinda.copley@klgates.com
+61.7.3233.1281
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©2013 K&L Gates LLP. All Rights Reserved.
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