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New minimum wages and super guarantee increase

According to Fairwork, there has been an increase to the minimum wages and super guarantee since 1 July 2013.

Apart from the increase of super guarantee by 0.25% as notified on RACCA’s Facebook, the minimum weekly wages increases by 2.6%, and this applies to minimum wages for adults, juniors, trainees and apprentices, employees with a disability and to piece rates.The new national minimum wage is $622.20 per week or $16.37 per hour. This applies to employees who aren’t covered by an award or agreement.

The high income threshold and compensation limits for unfair dismissal have also increased. This means that if you have employees who earn above $129 300, or if you earn more than this, it may affect entitlements.

 

 

 

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