Here's a summary of some of the key changes effective 1 July 2011
Minimum Pay Rates
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For modern award covered employees, minimum wages are increased by 3.4%, rounded to the nearest 10 cents. The default casual loading is increased to 22%.
High Income Threshold
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Unfair dismissal
Award free employees who earn over the High Income Threshold aren't eligible to make a claim for unfair dismissal.
Guarantee of annual earnings
If an employee's annual earnings exceed the High Income Threshold, the employer and employee can enter into a guarantee of annual earnings so that any applicable modern award will not apply to the employee. Trick for young players: the modern award will still cover the employee. This means that the employee will still have access to the unfair dismissal (subject to meeting other hurdles), even though they earn in excess of the High Income Threshold.
Statutory super -Maximum Contributions Base
The earnings base upon which statutory superannuation contributions are calculated is subject to a maximum amount known as the Maximum Contributions Base.
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Tax free threshold for "genuine redundancy" payments
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