Australia

Australia to combine and expand parental leave entitlements

The Australian government recently announced that the existing government-paid primary caregiver parental leave and partners leave will be combined into a single 20 week leave available to, and shareable between, both parents starting from 1 July 2023. Once combined, the parental leave will increase by an additional 2 weeks every year from 1 July 2024 until it reaches 26 weeks on 1 July 2026.

Australia

Australia increases minimum wage

The Australian Fair Work Commission (FWC) has increased the national minimum wage by 5.2%, effective 1 July 2022. Modern Award minimum wages also increased by 4.6% per week, effective from the first full pay period starting on or after 1 July 2022, or 1 October 2022, based on industry.

Australia

Australia increases superannuation contribution rate and concessional contribution caps [Updated]

On 1 July 2021, the Australian government increased the superannuation guarantee contribution rate by 0.5% to 10% on earnings up to the new maximum contribution base of AUD 58,920 per quarter. The concessional contribution cap has also increased to AUD 27,500. The increases will help stimulate Australia’s post-pandemic economy and support a better retirement for eligible workers.

Australia

Australia increases minimum wage

The Australian Fair Work Commission (FWC) increased the national minimum wage by 2.5%, effective 1 July 2021. Modern award minimum wages also increased by 2.5% in three different stages depending on the industry. Modern award minimum wage increases will be […]

Australia

Australia expands parental leave flexibility

The Australian government passed the Paid Parental Leave Amendment (Flexibility Measures) Act 2020 in June 2020. This legislation provides parents with children born or adopted on or after 1 July 2020 more flexibility in how they take their paid parental […]

Australia

Australia ends salary sacrifice superannuation loophole

On 28 October 2019, the Australian parliament approved new legislation intended to end the current loophole that allows employers to use their employees’ salary sacrifice contributions to reduce their minimum compulsory Superannuation Guarantee (SG) contributions. The bill entered into effect […]