There has been some confusion on what the minimum wage increase and superannuation increase means to small business employers. Does this mean all employees wages increase? Despite what many employees are thinking from what they see on the TV, no it doesn’t. It depends on your employee’s current employment terms.
The Fair Work Commission has handed down their decision in relation to minimum wage increases. From 1 July 2022, wages will
increase as follows:
These increases will be delayed until 1 October 2022 for a small group of awards (including the Hospitality Industry (General) Award 2020 and Restaurant Industry Award 2020).
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DOES IT APPLY TO ALL EMPLOYEES? |
The short answer is NO. This increase applies only to those on minimum wage, either under an Award wage or not under an Award wage. It does not apply to employees who are paid ABOVE the Award. Your legal requirement is that your employees are |
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SUPERANNUATION - JUUST A REMINDER THIS IS INCREASING TO 10.5% |
If your employee is paid a wage PLUS superannuation your accounting software should be able to deal with this for you. If your employee is paid a wage package INCLUSIVE of super, you will need to ensure your accounting software is correctly updated. |
AI-Enhanced Automation for Accounting and Finance Professionals: Leveraging ChatGPT, Copilot & Claude for Innovation and
Productivity.
Join SkyBots’ 2-day Workshop in GOLD COAST with automation expert Daryl Aw to revolutionise your workflow using
cutting-edge Agentic AI tools including Chat GPT, Claude, CoPilot and Gemini. This workshop is built for accountants,
bookkeepers, finance teams, and business owners who want to move beyond basic prompts and turn AI into a reliable, ethical, and practical
system for everyday work.
AI-Enhanced Automation for Accounting and Finance Professionals: Leveraging ChatGPT, Copilot & Claude for Innovation and
Productivity.
Join SkyBots’ 2-day Workshop in MORNINGTON with automation expert Daryl Aw to revolutionise your workflow using
cutting-edge Agentic AI tools including Chat GPT, Claude, CoPilot and Gemini. This workshop is built for accountants,
bookkeepers, finance teams, and business owners who want to move beyond basic prompts and turn AI into a reliable, ethical, and practical
system for everyday work.
Lunch & Learn Workshop // 4 September, 2026 - 12:00 - 1:30pm
$35pp includes lunch
Many business owners believe growth comes from more sales. But in reality, the strongest and most profitable
businesses grow by improving how the business works, not just by selling more. This session is designed to change that. The
5-Critical Financial Metrics
is a practical workshop that shows you where small, targeted changes can create disproportionately big improvements in profit, cashflow and
sustainability.
| The Fair Work Commission (FWC) has handed down its 2026 Annual Wage Review, and the numbers are in. From 1 July 2026, the national minimum wage will rise by 5.97%, and modern award minimum rates will increase by 4.75%. |
Now's the time to review what strategies you can use to minimise your tax before 30 June.
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