May 25, 2020

It's July: Employment Related Rate Increases Effective Now

From 1 July 2018, the national minimum wage and modern award rates will increase by 3.5%. 

We have prepared a handy key threshold table to print out and keep close by for the 2018/19 financial year which outlines the key thresholds all employers should be aware of. 

The changes will apply from the first full pay period starting on or after 1 July 2018.

What can you do to prepare your business for 1 July?

  • Review annualised salary arrangements to ensure that the annualised wage rate is sufficient to meet or exceed the employees' minimum award/minimum wage entitlements taking into account the 3.5% increases.
  • Update payroll systems and processes to ensure the increased wages are paid from the first full pay period starting on or after 1 July 2018.
  • Review enterprise agreement pay rates (where applicable) and ensure the pay rates do not fall below the applicable modern award base rate or the national minimum wage (as applicable).

Meg Aitken contributed to this piece.

Copyright 2020 K & L Gates

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About this Author

 Michaela Moloney, Partner, Melbourne
Partner

Ms. Moloney has worked for a wide cross section of clients including employers in the public sector, health, education, retail, energy and manufacturing industries and has significant experience in all aspects of employment, industrial and discrimination law. She acts on a broad range of matters for employers including drafting and interpreting employment agreements and policies, managing employee issues arising out of sale of business and outsourcing transactions, assisting employers with the discipline of employees and termination of employment, negotiating collective agreements,...

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