Wage Review by Fair Work Commission results in increase
Annual Wage Review decision by Fair Work Commission has resulted in an increase for 2014/2015. On 4 June 2014, the Annual Wage Review panel handed down its decision to increase the national minimum wage.
Changes to Superannuation Rate
Effective 1 July 2014, the Superannuation Guarantee rate will increase to 9.5%. This rate will be kept at 9.5% until 30 June 2018 where the Superannuation Rate will most likely increase again.