Important Update for Employers: Workplace Relations law changes from 1 July 2024
1 Jul 2024
|Blogs
Employers need to be aware of several changes to their obligations regarding the minimum wage, superannuation and other new laws.
National Minimum Wage
The National Minimum Wage will increase by 3.75 per cent, rising to $24.10 per hour, or $915.90 per week. This increase applies from the first full pay period starting on or after 1 July 2024. For instance, if your weekly pay period starts on Wednesday, the new rates will apply from Wednesday, 3 July 2024.
Superannuation Guarantee Rate
The superannuation guarantee rate will increase from 11 per cent to 11.5 per cent. Ensure that super contributions are paid in full, on time, and to the correct fund by 28 July.
Unfair Dismissal High-Income Threshold
The high-income threshold for unfair dismissal claims for employees not covered by an award or enterprise agreement will increase from $165,500 to $175,000. The compensation cap for unfair dismissal claims will rise from $83,750 to $87,500 (general protection claims remain uncapped).
Modern Award Delegates’ Rights Term
A workplace delegate is a person appointed or elected by a union to be a delegate or representative for union members working in a particular enterprise. All Modern Awards will include a Delegates’ Rights term from 1 July. Such a term must be included in a workplace determination made on or after that day. Similarly, a term must be included in an enterprise agreement approved by vote on or after that day.
Right of Entry for Suspected Underpayments
The Fair Work Commission must issue an exemption certificate to an organisation for entry where it is satisfied that a contravention or suspected contravention involves the underpayment of wages or other monetary entitlements.
