Minimum wage and superannuation contributions to rise in July 2022

22 June 2022 1 min read

By Elizabeth Cole

With effect from 1 July 2022, there will be rises to the the national minimum wage and employers' Superannuation Guarantee contributions as follows:

National minimum wage

In line with its election commitment, the Australian Labour Party has supported an increase to the national minimum wage and the Fair Work Commission has now confirmed that it will rise by 5.2%.  The new rate of minimum wage will therefore be AUSD 21.38 per hour.

Superannuation Guarantee contributions

Employers' Superannuation Guarantee contributions will rise from the current 10% to 10.5%.  The contribution is paid into individual super funds by employers to help employees grow their retirement savings.

More to explore

California Supreme Court: Trial courts lack inherent authority to strike PAGA claims on manageability grounds

California Supreme Court: Trial courts lack inherent authority to strike PAGA claims on manageability grounds

In a long-awaited decision, the California Supreme Court has ruled that trial courts do not have the inherent authority to strike (ie dismiss with prejudice) claims for civil penalties...

Abolition of the Mandatory Provident Fund offsetting mechanism

Abolition of the Mandatory Provident Fund offsetting mechanism

The government has announced that the abolition of the Mandatory Provident Fund offsetting arrangement will come into effect on 1 May 2025.

Adjustments to average salaries and minimum wages in Shanghai and Beijing

Adjustments to average salaries and minimum wages in Shanghai and Beijing

Minimum wage: From July 2023, the minimum wage in Shanghai increased to RMB 24 per hour and RMB 2,690 per month.

New draft law on working hours

New draft law on working hours

On 14 September 2023, The Danish Ministry of Employment submitted, for consultation, a draft bill which amends the Act on Working Time.

Reviewing clauses on variable working hours

Reviewing clauses on variable working hours

The Employment Contracts Act was amended on 1 August 2022, requiring employers to review the clause regarding variable working hours in an employment contract every 12 months.

Congress enacts laws on the prevention and treatment of endometriosis

Congress enacts laws on the prevention and treatment of endometriosis

A new law entered into force on 12 October, establishing guidelines for public policy on prevention, early diagnosis and comprehensive treatment of endometriosis. Female employees...