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July 1 changes: how they impact your business

Wage hikes aren't the only change kicking in on 1 July. There's a host of other changes that will impact employers. Read on to learn more.

29 June 2022 

In addition to the Fair Work Commission handing down its Annual Wage Review decision for 2022, there are further significant changes effective from 1 July 2022. 

High-income threshold
For unfair dismissal cases, the high-income threshold has increased to $162,000 with the compensation limit of $81,000 for dismissals occurring on or after 1 July 2022.

Filing fees
The application fee for unfair dismissals, general protections, and bullying and sexual harassment at work applications made under the Fair Work Act 2009 has increased to $77.80.

Superannuation guarantee
The superannuation guarantee has increased from 10% to 10.5%. This is in line with the superannuation guarantee rate that is scheduled to increase to 12% by July 2025. For further information about this, see the ATO website.

Supported wage system
The Fair Work Commission issued a determination varying the Supported Wage System schedule in some modern awards. This increased the minimum amount payable to $95 per week wherever appearing in the Supported Wage System schedules of the awards.

Read this 29 June circular.
See the initial 15 June circular on wage increases.
To view the determination click here.

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Browse through over 120 Modern Awards to understand your obligations to your employees such as leave and penalty rates, plus subscribe to stay up to date on changes like minimum wage increases. To start, simply join My Business as a free member.

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