National Minimum Wage, Superannuation Guarantee contributions, Legal Profession Uniform law and Government Fee increases
National Minimum Wage
The Fair Work Commission has now confirmed that the national minimum wage will rise by 5.2%. The new rate of minimum wage will therefore be $21.38 per hour. The minimum wage for workers in the industries who are covered by the following modern awards, will not increase until 1 October 2022:
- Hospitality Industry (General) Award 2020
- Registered and Licensed Clubs Award 2020
- Restaurant Industry Award 2020
Superannuation Guarantee contributions
Employers’ Superannuation Guarantee contributions will rise from the current 10% to 10.5%. From 1 July 2022, Employees who earn less than $450 in a calendar month (before tax) will be eligible to receive the super guarantee, regardless of how much they are paid. Employees who are under 18 years of age will still need to work more than 30 hours in a week to be eligible for the super guarantee- this has not changed.
Legal Profession Uniform Law
Our very own profession will now join the Legal Profession Uniform Law Scheme on 1 July 2022. What does this mean for you? As consumers of legal services you will not only be afforded greater protection under the scheme and benefit from greater consistency of experience across jurisdictions, but you will also be empowered to make informed choices about your legal options, with a single framework governing legal practice which is administered by local bodies across participating jurisdictions. The Scheme is intended to cut red tape, simplify and standardise regulatory obligations of lawyers.
Government Fee Increases
Of course, with every financial year, and in line with the Consumer Price Index, all government bodies such as ASIC, Landgate, and the Office of State Revenue will have an increase associated with their fees. These new fees will be imported into our disclosure documents as part of our supplier information to you.
