ARTICLE
29 June 2019

Employment law changes for the 2019-20 new financial year

CG
Coleman Greig Lawyers

Contributor

Coleman Greig is a leading law firm in Sydney, focusing on empowering clients through legal services and value-adding initiatives. With over 95 years of experience, we cater to a wide range of clients from individuals to multinational enterprises. Our flexible work environment and commitment to innovation ensure the best service for our clients. We integrate with the community and strive for excellence in all aspects of our work.
Numerous reference points relevant to employment law will now alter, due to annual indexation and changes to the law.
Australia Employment and HR

We are about to step into a new financial year, which means that numerous reference points relevant to employment law will alter due to annual indexation and changes to the law.

Below are some of the most important changes set to apply from 1 July 2019:

Salary Cap for Unfair Dismissal

$148,700.

This is up from the previous $145,400. Employees earning more than $148,700 base salary per annum, and who are not covered by an award, cannot claim unfair dismissal. Base salary does not include 9.5% superannuation and at-risk remuneration, but does include the value of other guaranteed monetary or non-monetary benefits.

Filing fee for dismissals, general protections and anti-bullying applications

$73.20, up from $71.90.

Compensation Limit for dismissals

$74,350, up from $72,700.

National Minimum Wage

$740.80 per week, up from $719.20 per week - or $19.49 per hour, up from $18.93 per hour.

Superannuation Guarantee Percentage

9.5%.

Maximum Super Contribution Base

$55,270 per quarter, or $221,080 per annum, earnings above which are not subject to compulsory contributions.

Redundancy Tax Concessions

In a genuine redundancy payment, $10,638 plus $5,320 for each year of completed service is tax free.

Employment Termination Payment cap

$210,000.

For more information, please see: Applying the ETP caps (ATO).

Fair Work Information Statement

This document must be given to all employees on commencement of employment. It is crucial for employers to view the updated version for 2019-2020.

For more information, click here.

NB. The 2019-20FY Information Statement has not been made available as of this article's publication date, but will be accessible via the above link from 1 July 2019.

Point for attention

Beware of paying less than the National Minimum Wage to any employee not covered by any age or disability-related percentage rate.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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