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NEW EMPLOYER OBLIGATIONS FROM 1 JULY

Statement by Innes Willox
Chief Executive Australian Industry Group

 “The Australian Industry Group today reminded employers of two key changes that take effect from tomorrow, 1 July. The first is the Fair Work Commission’s Annual Wage Review increase and the second is an increase in the Superannuation Guarantee. As well, the carbon tax rises tomorrow to $25.40 per tonne unless the current legislation is repealed,” Australian Industry Group Chief Executive Innes Willox said today.

“Operative from 1 July 2014, award wage rates for full-time adult employees will be increased by 3 per cent and the National Minimum Wage will be increased to $640.90 per week or $16.87 per hour.

Download complete media release here.