Are you up to date with workplace changes for 2014FY?

Well we may be almost at the end of Q1 for the 2014FY, but it appears there may be some employers who are still getting their heads around the changes to workplace legislation that came into effect from 1 July 2013.  Therefore, for those who may need a reminder, here is a summary of the key changes:

  • The 2013 minimum wage increased by 2.6%.
  • Superannuation contribution increased from 9% to 9.25%.
  • The age limit to pay Superannuation has been removed, and employers will now be required to contribute to complying superannuation funds for employees aged 70 and older.
  • The default casual loading for award/agreement free employees increased to 24%.
  • The high income threshold has increased to $129,300 (ex superannuation).  Employees who earn in excess of this amount will not have access to the Federal Unfair Dismissal Jurisdiction.

With a new Federal Government being announced on the weekend, I wonder what Mr Abbott and his team may have on their agenda for Australian workplaces.

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