2021/2022 Australian Minimum Wage.
The Australian government has announced an increase in the minimum wage from July 2021.
Australia’s minimum wage will rise to $20.33 an hour from 1 July 2021.
This will be an extra $18.80 per week, taking the weekly pay to $772.60 a week for full-time workers.… Read the rest
From 1st July 2021 most employers will increase their contribution to their employees compulsory superannuation from 9.5% to 10%.
This is an extra $5 per week for someone on $1,000 per week, going into their retirement fund.
However, not all employees are happy with that money going into their super … Read the rest
Australian Annual Personal Median Income.
The Median personal income in Australia during 2017-18 was $49,805 per year.
In 2017-18 the Australian Capital Territory had the highest median income at $64,332 per year.
Tasmania had the lowest median income at $45,546 per year.
Median Income of Employees 2017-18:
(This covers employees … Read the rest
What is the Australian Median Wage in 2021?
The Australian ‘minimum’ wage is currently $19.84 an hour or $753.80 per week.
That figure is also stated to be about 52.7 per cent of the national median wage.
Using those two figures, the Australian Median Wage is $1,430 per week, or … Read the rest
Petition EN2427 – Raise the National Minimum Wage to $20/hr.
This petition includes the following wordings:
The Fair Work Ombudsman specifies that as of 1 July 2020 the National Minimum Wage is $19.84 per hour.
We are petitioning for it to be raised to $20 per hour. This would be … Read the rest
Low Income Tax Offset Increase.
News in the 2020/21 Budget says that the Low Income Tax Offset (LITO) will increase from $455 to $700, and will provide up to $255 extra in tax relief.
The Government will provide low- and middle-income earners with a one-off additional benefit from the low … Read the rest
Employers to get up to $200 per week hiring credit.
The JobMaker Hiring Credit will be available to employers for each new job they create over the next 12 months from 7 October 2020 for which they hire an eligible young job seeker aged 16 to 35 years old.
For … Read the rest
Salary or Wages Earners Average Income 2017-18.
The ATO shows there were 11,231,834 salary and wage earners in the 2017-18 tax year.
Their total salaries and wages came to an average of $61,451, with 50% earning over $51,126 in the year.
The Median income was 83.20% of the average income … Read the rest
The Australian Backpacker Tax has been clarified as valid.
In October 2019 the Federal Court ruled that a tax on working holiday visa holders was invalid, and an estimated 75,000 backpackers were told they might receive refunds from the Australian tax office (AT) for overpaid tax.
However, the ATO appealed … Read the rest
Australia has a National Minimum Wage.
Australia has had a national Minimum wage since 1906.
Australian Minimum Wage Rates have been:
- 2021 Australian Minimum Wage rate … To be advised.
- 2020 Australian Minimum Wage rate was $19.84 per hour or $753.8 per week, to begin between July 2020 and February
… Read the rest