Changes to Superannuation From 1 July 2021
What is Superannuation Guarantee? The Superannuation Guarantee (SG) is the minimum percentage of each eligible employee’s ‘ordinary time earnings’ that an employer must contribute to an employee’s complying super fund. This percentage is legislated by the Federal Australian Government and is administered by the Australian Taxation Office. The current SG percentage rate is 9.5% of […]
Fair Work Minimum Wage Increase 2021
Annual Wage Review decision by Fair Work Commission has resulted in a 2.5% wage increase effective 1 July 2021. The Annual Wage Review panel has handed down its decision to increase the national minimum wage and minimum rates under modern awards by 2.5%. This brings the national minimum wage to $772.64 per week ($20.33 per/hour) […]
Understanding the Importance of Employment Contracts
Whilst employment contracts aren’t a legal requirement in Australia, when in place they are a legally binding document between an employer and an employee. Many employers have found themselves engaged in costly and unnecessary disputes with employees, most commonly around entitlements because they failed to frame the working relationship with a clear, written contract. Whilst […]