In August 2024 the Australian median employee wages had increased by 7.4% since August 2023.
Median employee earnings in a main job was $1,396 per week, up $96 (7.4%) since August 2023.
Median hourly earnings in a main job was $40.00 per hour, that would … Read the rest
Should an 18 year old be paid the same rate as a 21 year old?
The Australian Council of Trade Unions (ACTU) has agreed to a range of reform proposals for junior pay rates, which the ACTU described as “discriminatory”.
The ACTU has said that … Read the rest
The Australian Minimum wage is now $24.10 per hour, from 1 July 2024.
The Fair Work Commission announced that it will raise the national minimum wage by 3.75% from 1 July 2024, taking the permanent workers minimum wage to $24.10 per hour, or $915.90 a week for full-time workers ( … Read the rest
The Medicare levy surcharge (MLS) was introduced to encourage individuals to take out private hospital cover and reduce demand on the public Medicare system. This should free up Public Medical facilities and reduce waiting times.
The Medicare levy surcharge is in addition to the Medicare … Read the rest
The tax rates for Working Holiday Maker visa holders, for the year starting from 1 July 2024, are shown below.
They apply for visa subclasses 417, 462 and 408.
These visa holders do NOT have a tax free threshold.
Taxable Income and Tax Rates … Read the rest
Average weekly ordinary time earnings for full-time adults, in Australia, was $1,888.80 in November 2023, according to new seasonally adjusted figures released today by the Australian Bureau of Statistics (ABS).
Bjorn Jarvis, ABS head of labour statistics, said: “The annual increase of 4.5 per cent, … Read the rest
In June 2021, Labor’s Anthony Albanese said that Australia’s real wages had ‘flatlined’ for eight years, under the Lib/Nat government.
Figures showed that over the eight years to December 2020, real wages, (wages adjusted for the impact of inflation), grew by 3.1%, … Read the rest
According to new seasonally adjusted figures released today by the Australian Bureau of Statistics (ABS), the average weekly ordinary time earnings for full-time adults was $1,838 in May 2023.
This is a 3.8% increase over the last 12 months.
It varied by … Read the rest
On 2 June 2023, the Fair Work Commission announced it will raise the national minimum wage by 5.2% from 1 July 2023, taking the permanent workers minimum wage to $23.23 per hour, or $882.80 a week for full-time workers.
The national … Read the rest
Under Australian legislation, your employer must generally pay 10.5% on top of your salary into a super fund.
This means that your base salary is before Super.
It is also before tax.
So, if you earn $76,700 as a base wage, your employer must pay an extra $8,053.50 into your … Read the rest
