New pay rates from 1 July
Minimum wage increases arrive with the start of a new financial year.
New pay rates came into effect from 1 July 2019 with the minimum wage increasing by 3% from the first full pay period.
The new national minimum wage is now $740.80 per week or $19.49 per hour. The national minimum wage applies to employees who aren't covered by an award or agreement.
Penalty rates have also changed in the Hospitality and Fast Food awards.
If you are paying staff in your business and need guidance on how these changes will impact your business, contact us on 02 9957 4033.
This article is provided for information purposes only and correct at the time of publication. It should not be used in place of advice from your accountant. Please contact us on 02 9957 4033 to discuss your specific circumstances.