Australia

Last updated on July 28th, 2022

Country Overview

Capital

Canberra

Currency

AUD

Payroll cycle

Monthly

Employer taxes

15.85% - 16.95%

Minimum wage

$882.60 per week

Working hours

38 hours per week maximum

Latest HR Statutory Updates

JUNE 2024

  • Increase in National Minimum Wage effective 1st July, 2024

  • 2024 Pay As You Go (PAYG) Withholding Tax Tables

  • Western Australia – Budget announcement 2024 – 2025 (No Change)

  • Annual Tax Threshold increase in Victoria State effective 1st July, 2024

APRIL 2024

  • Concessional Contribution Cap 2024-2025

  • Quarterly Super Contribution Base capping for FY24/25 - Maximum Super contribution base 2024/25

  • Increase in Superannuation Percentage 2024/25

  • Change in Employee Termination Payment (ETP) Threshold 2024/25

  • Tax-free Part of Genuine Redundancy Payments and Early Retirement Scheme Payments 2024/25

MARCH 2024

  • Individual Income Tax Rates and Threshold Changes

NOVEMBER 2023

  • Update in Child support & Protected earning amount.

JULY 2023

  • Minimum wages increase from 1 July 2023.

  • Changes to Paid Parental Leave Scheme.

  • Changes to Reasonable amount for overtime meal expenses.

  • Changes to unpaid parental leave.

  • Payroll Tax changes to Victoria State Taxes.

JUNE 2023

  • New cents per kilometer rate from 1 July 2023.

  • High-income threshold and compensation limit for dismissals 2023-2024.

  • Study and Training Support Loans Thresholds and Repayment Rates 2023-24.

MAY 2023

  • Western Australia – Return of flat rate of the Payroll Tax rate to 5.5%

APRIL 2023

  • New Downloadable Standard Choice Form.

  • Key Rates and Thresholds Updates in the Superannuation, Employee Termination Payment (ETP) Thresholds and Redundancy Tax Free Amounts.

  • New FBT Rates and Thresholds.

FEBRUARY 2023

  • The WGEA Compliance Reporting Program.

DECEMBER 2022

  • FBT Exemption for Electric Vehicles

NOVEMBER 2022

  • Changes to the Periodic Deduction Calculation from January 2023 in Queensland

  • A Mental Health Levy Introduced to Meet Increasing Demands for Mental Health Services in Queensland

  • Ten Days Paid Family and Domestic Violence Leave Now A National Employment Standard Entitlement

  • Government Paid Parental Leave Will Increase to 26 Weeks by 2026

OCTOBER 2022

  • Study and Training Support Loans Threshold and Repayment Rates 2022-23

SEPTEMBER 2022

  • Public Holiday on 22nd September to Mark the Passing of Queen Elizabeth II

AUGUST 2022

  • Change in State Pay Roll Tax Rate in New South Wales, Australia

JULY 2022

  • Amendments to the Long Service Leave Act 1958

  • Change in ‘Government Parental Leave Pay’ and ‘Dad and Partner Pay’

  • Updated High-income Threshold and Compensation Limit for Dismissals

JUNE 2022

  • National Minimum Wage Increase

  • Eligibility for Super is Changing from 1st July

  • The Super Guarantee Rate Increases from 1st July

MAY 2022

  • Change in Employee Share Scheme Statement

MARCH 2022

  • Tax-free Part of Genuine Redundancy Payments and Early Retirement Scheme Payments 2022/23

  • ETP Threshold 2022/23

  • Maximum Super Contribution Base 2022/23

  • Superannuation Percentage

DECEMBER 2021

  • Mental health and wellbeing surcharges

JUNE 2021

  • Annual Wage Review 2021

  • The High-income threshold announced

MAY 2021

  • Can an employer force their employees to use annual leave if they have exhausted their personal/carer’s leave entitlement?

  • Upcoming Wage Theft Act (Victoria)

  • Employees now have more super choice

  • Your Future, Your Super reforms Update

APRIL 2021

  • Tax-free Part of Genuine Redundancy Payments and Early Retirement Scheme Payments 2021/22

  • ETP Threshold 2020/21

  • Maximum Super Contribution Base 2020/21

  • Concessional Contribution Cap 2021/22

MARCH 2021

  • Getting ready for Easter Public Holidays

  • Fair Work Act: Understand key reforms on casual employment

  • Awards with unpaid pandemic leave – new end dates

  • New rules for annual wage arrangements

  • Fringe benefits tax – rates and thresholds

  • Employment conditions during natural disasters and emergencies

  • Car parking and vehicle fringe benefits during COVID -19

  • New LAFHA figures commencing 1 April 2021

  • Cents per KM for vehicles other than cars

  • Guidance released for vaccine rollout in Australian workplaces

  • Superannuation Guarantee to increase on 1 July 2021

FEBRUARY 2021

  • Australian Capital Territory Budget 2020-21

  • Employee Share Scheme (ESS) Annual Report Electronic Reporting Specification Final v3.1.1

  • The first annual reconciliation of annualized salaries under modern awards

  • Calendar of cultural and religious dates for 2021

  • STP phase 2 mandatory start date announced

  • Update on Fringe Benefits Tax – A guide for employers

  • Annual Wage Review – 1 February 2021 changes.

  • Employees now have more super choice

JANUARY 2021

  • NSW Payroll Tax Thresholds

DECEMBER 2020

  • Changes 2020/21

  • STP phase 2 position papers

  • STP Phase 2

  • Lodging STP during a Christmas shut down

  • Protected Earnings Amount when deducting Child Support

  • Update on NSW State Budget

NOVEMBER 2020

  • Australia State Budget Breakdowns

OCTOBER 2020

  • Increases to minimum wages for Group 2.

  • More Changes to Payment of wages on termination

  • 2020/2021 Payroll Tax Cut

  • New South Wales & South Australia have made further announcements regarding payroll tax provisions in response to the impact of COVID-19

  • 2021 PAYG Withholding Tax Table

  • Your superannuation follows you

  • The extension of Schedule X

  • Daylight saving happened on Sunday – is payroll affected?

SEPTEMBER 2020

  • Victorian Government will Now Defer Payroll Tax for Businesses with Payrolls Up to $10 Million for the Full 2020-21 financial Year

  • Payment of Wages Upon Termination

  • Your Super, Your Choice

  • Australia Official Public Holiday 2021

  • Changes in Payment Rate of Governmental Paid Parental Leave for 2020-2021

AUGUST 2020

  • Accrual of Personal/carer’s leave – The Mondelez Case

  • Payment of Wages Upon Termination

JULY 2020

  • High Income Threshold will increase to $152,600 from 1st July 2020

  • Unpaid Pandemic Leave and annual leave at half pay extended

JUNE 2020

  • Study and Training Support Loans Thresholds and Repayment Rates 2020-21

  • WA State Payroll Tax Threshold & Rate Changes effective from July 2020

  • 2020 Pay as you go (PAYG) withholding tax tables

  • 2020 Annual Wage Review – Wage Increase

APRIL 2020

  • COVID-19 relief: Payroll Tax Employer

  • Payroll tax relief measures in response to COVID-19

  • Easter Public Holidays and COVID-19

  • JobKeeper Amendments to the Fair Work Act

  • Modern Awards changes with new COVID-19 rules

  • 2020 FBT return has been deferred from 21 May 2020 to 25 June 2020

  • Unpaid Pandemic Leave

  • JobKeeper changes to the Fair Work Act – Annual leave

MARCH 2020

  • Employee Share Scheme (ESS) Annual Report Electronic Reporting Specification Final v3.0.1

  • Further advice on Coronavirus and Australian workplace law

  • Basic myGovID now available

  • Tax-free Part of Genuine Redundancy Payments and Early Retirement Scheme Payments 2020/21

  • ETP Threshold 2020/21

  • Maximum Super Contribution Base 2020/21

  • Superannuation Percentage 2020/21

  • Concessional Contribution Cap 2020/21

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