22 Jun 2022
From 1 July 2022, the super guarantee (SG) rate will increase from 10% to 10.5%. This is in line with the Federal Government’s current schedule to increase the SG rate by 0.5% per year until it reaches 12%. Visit the ATO website to learn more about the upcoming SG rate increase.
The $450 SG eligibility threshold will be removed. This means you must pay super to most employees, regardless of how much you pay them.
Please note that other eligibility requirements for super will remain in place. For example, workers under 18 must still work at least 30 hours a week to be eligible. Visit the ATO website to learn about the removal of the super eligibility threshold.
The following changes to minimum wages will come into effect from 1 July 2022:
Visit the Fair Work website for more about the increases to minimum wages.
The Australian Securities and Investments Commission (ASIC) will increase some of their fees from 1 July, in line with increases to the Consumer Price Index.
These changes include:
Visit the ASIC website for a full list of fee increases.