If you do business in Australia here’s a snapshot of what you need to know as an employer. These changes take effect from 1 July 2022:
· Super guarantee will rise from 10% to 10.5%.
· The $450 monthly income threshold will no longer apply - previously, employers didn’t have to pay employees earning under $450 per month the super guarantee.
If you’re interested in doing business in Australia take a look at our activpayroll’s Guide to Doing Business in Australia. This free guide offers everything you need to know about payroll, tax, social security, employee benefits, work permits, employment law and more.