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Changes for New Financial Year – Employment Law Update

A new financial year brings updates to the employment law landscape for employers to be aware of.

A summary of the changes is below:


National Minimum Wage

  • From 1 July 2024 the National Minimum Wage will increase by 3.75%, rising to a minimum hourly rate of $24.10 per hour and $915.90 per week (based on a 38 hour week).
  • The increase applies from the first pay period after 1 July 2024.

Unfair Dismissal High Income Threshold

  • An employee who is not covered by an award or an enterprise agreement must receive less than the high income threshold to be eligible to make an unfair dismissal claim
  • The high income threshold increases from 1 July 2024 from $165,000.00 to $175,000.00
  • The unfair dismissal compensation cap will increase from $83,750.00 to $87,500.00

Fair Work Information Statements

Business name and company registration fees

If you require legal assistance relating to Industrial Relations matters, please don’t hesitate to contact a member of our team.