Minimum Pay Rates


National Minimum Wage (before statutory superannuation)

2011/2012 financial year

2012/2013 financial year

$589.30 per week, or $15.51 per hour

$606.40 or $15.96 per hour

Junior employees (those aged from16 to 20) are entitled to a percentage of the minimum wage calculated on a sliding scale by reference to their age.

For modern award covered employees, minimum wages are increased by 2.9%, rounded to the nearest 10 cents.

The default casual loading is increased to 23%.

High Income Threshold


High income threshold (before statutory superannuation)

2011/2012 financial year

2012/2013 financial year

$118,100

$123,300

Award free employees who earn over the High Income Threshold aren't eligible to make a claim for unfair dismissal. 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.

Statutory Superannuation - 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.

2011/2012 financial year 2012/2013 financial year
$43,820 per quarter or $175,280 per annum $45,750 per quarter or $183,000 per annum

Tax free threshold for "genuine redundancy" payments

2011/2012 financial year 2012/2013 financial year
First $8,435 tax free; and
$4,218 tax free for each completed year of service		 First $8,806 tax free; and
$4,404 tax free for each completed year of service

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