Minimum wages increased from 1 July 2023

Aug 1, 2023 | Bookkeeping, Business, Finance

As part of the Fair Work Commission’s Annual Wage Review 2022-23, from 1 July 2023:

  • the National Minimum Wage increased to $882.80 per week or $23.23 per hour
  • award minimum wages increase by 5.75%.

Other award wages, including junior, apprentice, and supported wages that are based on adult minimum wages, will get a proportionate increase.

The increase applies from the first full pay period starting on or after 1 July 2023.

Fairwork has updated their tools & resourcses to find your new pay rates:

Learn more about the minimum wage increase at Minimum wages increase from 1 July 2023.

From 1 July 2023, the Paid Parental Leave scheme changed.
Read this news article at: Changes to the paid parental leave scheme.

Superannuation guarantee increase

From 1 July 2023, the superannuation guarantee will increase from 10.5% to 11%.

If you want to understand your super obligations or entitlements, contact the Australian Taxation Office (ATO) for help and advice at ATO – Contact us.

Rowena-headshot square

Hi, I’m Connie

0 Comments

Subscribe To OurMailing List

Join our mailing list to receive the latest news and updates from our team.

You have Successfully Subscribed!