Posts tagged "minimum wage"

Tax cuts are not a substitute for much-needed wage boosts and Australia's lowest-paid workers cannot have their pay go backwards during a cost of living crisis, the Treasurer says.

The start of each financial year usually brings with a host of tax changes that SMEs need to be aware of, as well a a range of other legal changes that affect large sections of the Australian business community.

Australia's minimum wage will rise 8.6% to $882.80 per 38-hour work week from July 1, lifting small business wage bills while bringing the nation's lowest-paid employees closer to the runaway cost of living.

The federal government has maintained its call for the national minimum wage to move in line with inflation, heralding the possibility of significant back-to-back increases flowing through to small business employers.

Australia's minimum wages should rise by a 7% to keep pace with inflation, the Australian Council of Trade Unions (ACTU) argues, as the Fair Work Commission (FWC) deliberates on how it should boost the earnings of roughly 2.6 million workers.

With a new financial year on the horizon, there’s a number of changes that business owners will need to be aware of in order to stay compliant. From superannuation contributions to a rising minimum wage, here’s what you need to know for the 2022–23 financial year.

From an increase in the national minimum wage to a change in the monthly superannuation threshold, the start of financial year 2022-23 will bring with it a raft of legislative changes that affect SMEs.

Small and medium-sized businesses are planning how to handle a larger-than-expected hike to the minimum wage as other costs soar.

The Fair Work Commission's decision to lift the minimum wage will affect most Australian workers, either directly or indirectly.

"Increasing the minimum wage isn't the silver bullet that people are hoping that it will be," writes Amanda Rose.

Australia's minimum wage will rise by 5.2% to $21.38 an hour, the Fair Work Commission has ruled.

Minister for Employment and Workplace Relations Tony Burke has provided further detail on Labor's minimum wage submission made this afternoon to the Fair Work Commission.