Category Archive: Employment

Sep 14 2017

Medicare Levy Reduction or Exemption

Australian Low Income Earners can Qualify for a Medicare Levy Reduction or Exemption

If your taxable income is equal to or less than; $21,655 you do not have to pay the Medicare levy.
If you are a senior or pensioner, then that threshold becomes $34,244.

If your taxable income is between $21,655 and $27,068 ($34,244 and $42,805 for seniors and pensioners) then you may be entitled to a Medicare Levy Reduction.
Your Medicare Levy will be calculated at 10% of the difference between your taxable Income and the lower limit (eg: $21,655 or $34,244)

Example Rates..

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Aug 02 2017

Medicare Levy

Australian Medicare Levy

The Medicare Levy is a charge levied on almost all Australian taxpayers to help fund the Australian Medicare system.

The charge is currently 2.0% of taxable income.

There are exemptions to this rebate based on low incomes etc.

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Jul 13 2017

What age can a Child start work in Australia?

The minimum age for a child starting work in Australia varies depending on the State.
Generally if you’re under 15 there are limits to the type of work you can do and how many hours you can work.

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Jun 28 2017

Low Income Tax Offset

LITO: Low Income Tax Offset for Low Paid in Australia Australian taxpayers are able to benefit from the Low Income Tax Offset [LITO] benefit from the Australian Tax Office (ATO). This Low Income Tax Offset rebate is given to those people with low taxable incomes, and gradually reduces down to zero at a certain threshold. …

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Jun 27 2017

Minimum Wage in Australia 2017

On the 1st July 2017, the minimum wage in Australia will rise by 3.3%

Jun 15 2017

Australian Unemployment Rate: May 2017

The Unemployment Rate dropped to 5.5% in May 2017 from 5.7% in April

Jun 13 2017

Australian Unemployment Rate: April 2017

The Unemployment Rate was 5.7% in April 2017

Jan 06 2017

Australian Unemployment Rate: November 2016

The Unemployment Rate was 5.6% in November 2016

There were 714,600 people unemployed in Australia in November 2016
There were 11,949,300 people employed in Australia in November 2016

Jun 27 2016

Minimum Wage in Australia 2016

Australian National Minimum Wage from July 2016 As at July 2016 the Australian national minimum wage is $17.70 per hour or $672.70 per 38 hour week (before tax). This applied from the first pay period after 1 July 2016 Previous Australian Minimum Wage Rates The Minimum Wage rate for July 2015 was $17.29 per hour …

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May 31 2016

Australian Backpacker Tax

What is the Backpacker Tax in Australia. There have been many news articles recently about the new “Backpacker Tax”, but what exactly is it? Is it really a new tax? It is not actually a new tax, but in reality a change in definition of residency. This is one article: Backpackers who work during their …

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