Thursday, 27 June 2019

High Income Threshold Increases For The New Financial Year

As reported by HR Legal, the Fair Work Commission’s Expert Panel ordered an increase to the national minimum wage and modern award minimum wages of 3.0% effective in the first pay period from 1 July 2019.

Accordingly, the new high-income threshold for 2019/20 increases to $148,700, with the compensation limit increasing to $74,350 for dismissals occurring on or after 1 July 2019.

Previously, this threshold was $145,400 and $72,700 respectively.

If an employee earns above this new threshold (inclusive of wages and certain other benefits but exclusive of superannuation) and is not covered by a modern award or enterprise agreement, they will be ineligible to file an unfair dismissal claim. However, that employee will still be eligible to file other claims – such as a General Protections claim.

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This article was produced by HR Legal. It is intended to provide general information only in summary format on legal issues. It does not constitute legal advice, and should not be relied on as such.

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