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National Minimum Wage Review 2022 and Increase to Superannuation Rate

Payroll and leave entitlements compliance guide for employers

National Minimum Wage Review

On Wednesday 15 June 2022, the Commission handed down its 2022 Annual Wage Review Decision, which will see:

  • the National Minimum Wage increase by 5.2% to $812.60 per week or $21.38 per hour (being a $40.00 per week increase)
  • minimum adult award rates of $869.60 per week or below will increase by $40.00 per week
  • minimum adult award rates of above $869.60 per week will increase by 4.6%

For most employers, the above increases will take effect on the first full pay period on or after 1 July 2022.  However, for employers in hospitality / registered clubs indutries, and restaurants, the above increases will instead take effect on the first full pay period on or after 1 October 2022.

Superannuation Guarantee Rate Increase

On and from 1 July 2022, the Superannuation Guarantee Rate will increase to 10.5% from its current rate of 10%.

The Rate is scheduled to increase 0.5% each year until July 2025 when it will reach 12%.

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