You've run the EOFY race and crossed the finish line!

Here are some helpful links to assist you when commencing your 2023 Payroll Marathon!

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Fair Work Commission Wages Increase

The Fair Work Commission (FWC) has raised the national minimum wage.
 

Minimum wages in modern awards will be increased by either:

  1. $40 (where the current minimum wage is ≤ $869.60 per week) or 

  2. 4.6% (where the current minimum wage is > $869.60 per week).

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Removal of the Calendar Month SG Rule

From 1st July 2022, the $450.00 Calendar Month Super Rule has been removed. This means that unless the employee is under 18 or a domestic/private worker and works more than 30 hours per week, superannuation will accrue from the first dollar they earn.

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2022-23 Employer Super Guarantee increase

The 2022 Budget confirmed that the mandatory Employer Superannuation Guarantee increases to 10.50% from 1 July 2022.

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2022-23 Study and Training Support Loans

The Government has announced that Study and Training Support Loan Rates and Thresholds have been increased for FYE 30 June 2023.

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e-PayDay Go BETA (STP Phase 2)

We are working diligently on our new Single Touch Payroll Phase 2 Cloud Solution and are expecting to commercially release within the third quarter of this calendar year. Register your interest and select READ MORE below to visit our new website.