There has been some confusion on what the minimum wage increase and superannuation increase means to small business employers. Does this mean all employees wages increase? Despite what many employees are thinking from what they see on the TV, no it doesn’t. It depends on your employee’s current employment terms.
The Fair Work Commission has handed down their decision in relation to minimum wage increases. From 1 July 2022, wages will
increase as follows:
These increases will be delayed until 1 October 2022 for a small group of awards (including the Hospitality Industry (General) Award 2020 and Restaurant Industry Award 2020).
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DOES IT APPLY TO ALL EMPLOYEES? |
The short answer is NO. This increase applies only to those on minimum wage, either under an Award wage or not under an Award wage. It does not apply to employees who are paid ABOVE the Award. Your legal requirement is that your employees are |
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SUPERANNUATION - JUUST A REMINDER THIS IS INCREASING TO 10.5% |
If your employee is paid a wage PLUS superannuation your accounting software should be able to deal with this for you. If your employee is paid a wage package INCLUSIVE of super, you will need to ensure your accounting software is correctly updated. |
Lunch & Learn Workshop // 4 September, 2026 - 12:00 - 1:30pm
$35pp includes lunch
Many business owners believe growth comes from more sales. But in reality, the strongest and most profitable
businesses grow by improving how the business works, not just by selling more. This session is designed to change that. The
5-Critical Financial Metrics
is a practical workshop that shows you where small, targeted changes can create disproportionately big improvements in profit, cashflow and
sustainability.
MP SHIRE SMALL BUSINESS FESTIVAL / LIVE WORKSHOP
Friday 31 August, 4:00pm-6:00pm
Join our practical,
educational workshop designed to help business owners understand the lending process and in preparation for funding conversations, learn how lending decisions are really made and what banks actually look for.
MP SHIRE SMALL BUSINESS FESTIVAL / LIVE WORKSHOP
Tuesday 25 August, 10:00am-12:00pm
This practical, confidence-building session is designed to give business owners control. Know Your Numbers is a hands-on workshop created specifically for non-financial business owners who want clarity and confidence in their decision-making.
Tax planning is more than just a financial necessity—it's a strategic advantage for businesses of all sizes. By proactively managing your tax strategy, you can significantly reduce your liabilities, enhance cash flow, and ensure full compliance with ever-evolving tax regulations.
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