From the 1st July 2024 the Minimum Wage increases
The Fair Work Commission has announced a 3.75% increase to the National Minimum Wage and minimum award wages. The increase applies from the first full pay period starting on or after 1 July 2024.
The contribution caps are indexed to wage growth based on the prior year December quarter’s average weekly ordinary times earnings (AWOTE).
Find out more information at Fair Work Ombudsman.