NEW FINANCIAL YEAR CHECKLIST
National System Employers
Minimum Wage Increase
A reminder, that the Fair Work Commission (FWC) approved a 5.2% ($40 per week) rise to the National Minimum Wage, while Workers covered by Award Rates will get an increase of at least 4.6%.
The FWC advised that Award Rates below $869.60 per week will increase by $40. Rates above $869.60 will rise by 4.6%.
Most increases will operate from 1st July 2022. Except for Workers under 10 Awards in the Hospitality, Tourism and Aviation Sectors, who will wait until 1 October 2022 for their increase.
Fair Work Information Statement and the Casual Employment Statement
Please find link to the Fair Work Ombudsman (FWO) National Employment Standards information, which include the latest versions.
Western Australian State System Employers
Minimum Wage Increase
The Western Australian Industrial Relations Commission increased the State Minimum Wage, and all Pay Rates in the WA State System Awards effective from the first pay period on or after 1st July 2022.
State Award Rates below $887.40 will increase by $40.90 per week and Award Rates of $887.40 and above will increase by 4.65%.
Changes to WA State Employment Laws
In 2022 changes to WA state Employment Laws were introduced. The majority of changes commenced on 20th June 2022. Refer to the following link for further information.
From 1 July 2022, the Superannuation Guarantee percentage increases from 10% to 10.5%. The $450 per month threshold for Superannuation Guarantee eligibility has also been removed.
The end of the Financial Year is also a good time to:
- Ensure all Employees have compliant Employment Contracts;
- Ensure you are paying your Employees correctly;
- Ensure all other Record Keeping is up-to-date including Payslips, Time and Leave Records;
- Assess your Casual Workforce and determine whether any Employees need to be given notice of their Entitlement to seek “Casual Conversion”;
- Review your Policies and Procedures.
FWO has announced 2022-2023 Priorities
Fast Food, Restaurants, Cafes and Agriculture will be the key Industries of focus in 2022-23. The FWO advised that they continue to find high levels of non-compliance in the fast food, restaurants and cafe sector, with many requests for assistance coming from vulnerable Workers. “That is why we will continue to undertake proactive investigations in metropolitan food precincts across the year.”