It’s time to familiarise yourself with the changes to the Fair Work Act 2009 (Cth), which always coincide with the new financial year.
Employers should be aware of the following changes that apply from today:
1. National minimum wage
Employers should be aware that from today, all employees not covered by an award or enterprise agreement are entitled to their wage increasing by 3%. This means that the national minimum wage now sits at $740.80 per week (or if translated to an hourly rate, $19.49 per hour). This equates to an increase in their weekly wage of $21.60.
2. Minimum award wage rates
Award wage updates are yet to be released by the Fair Work Commission, but it is safe to say that they will most likely increase in a similar manner to that of the national minimum wage (3% from 1 July 2019, with weekly wages rounded to the nearest 10 cents).
It is also important for employers to be aware that if they are working within certain industries (such as hospitality or retail), other award provisions have changed.
3. Unfair Dismissal – High income threshold
The high income threshold will increase from $145,400 to $148,900 from 1 July 2019, meaning those employees whose annual rate of earnings is more than this amount will not be able to bring an unfair dismissal claim against their employer.
If you wish to discuss any of these matters, or the impact they will have on their business, please do not hesitate to contact Kathryn at Hallett Law.