Get set for a minimum wage increase

The Fair Work Commission (the Commission) has announced:

the National Minimum Wage will be increased to $882.80 per week or $23.23 per hour
a 5.75% increase to minimum award wages.

The increase applies from the first full pay period starting on or after 1 July 2023.

National Minimum Wage increase

The National Minimum Wage applies to employees who aren’t covered by an award or registered agreement.

From 1 July 2023, the new National Minimum Wage will be $882.80 per week or $23.23 per hour.

The new National Minimum Wage will apply from the first full pay period starting on or after 1 July 2023. This means if your weekly pay period starts on Monday, the new rates will apply from Monday, 3 July 2023.

Award minimum wage increase

Most employees are covered by an award. Awards are legal documents that outline minimum pay rates and conditions of employment in your industry or occupation. If you’re not sure which award applies to you, use Find my award.

This increase will apply from the first full pay period starting on or after 1 July 2023. This means if your weekly pay period starts on Monday, the new rates will apply from Monday, 3 July 2023.

Agreements

If you’re covered by a registered agreement, the minimum wage increase may apply. This is because the base pay rate in a registered agreement can’t be less than the base pay rate in the relevant award. Check your agreement by searching for it on the Commission’s website: Find an agreement.

Other upcoming changes

Secure Jobs, Better Pay: 6 June changes to workplace laws

From 6 June 2023, there are changes related to:

requesting flexible working arrangements
extending unpaid parental leave
agreement-making
bargaining.

Aged care sector

Direct care and some senior food services employees in the aged care sector will receive a 15% wage increase from 30 June 2023.

For more information, visit, 15% wage increase for aged care sector.

Paid Parental Leave scheme

From 1 July 2023, the Paid Parental Leave scheme is changing.

For more information, visit, Changes to the paid parental leave scheme.

Superannuation

From 1 July 2023 the superannuation guarantee rate will increase from 10.5% to 11%.

For more information, visit, Super guarantee percentage.

If you want to understand your super obligations or entitlements, contact the ATO for help and advice at  ATO – Contact us.

Global affiliations with and regulated by

Chartered Accountants Australia and New Zealand

American Institute of Certified Public Accountants CPAs.

Institute of Chartered Accountants of India.

Australian Securities and Investments Commission.

Partner with

MYOB essential cloud accounting software.

QuickBooks ProAdvisor Certificate. — QB ProAdvisor

What do our happy customers say about us?

Success Stories

I experienced a sea change in the approach and results of RBizz Solutions when we moved from previous accountant. We have outsourced all accounting functions of our medical practice to RBizz Solutions who manage them very efficiently. I found them approachable, experienced, professional and above all supportive. Their industry knowledge is commendable. In many instances I observed their practices technically advance and systems driven. I highly recommend them to other medical practices and doctors.

RBizz Solutions handled restructuring of our medical practice business very innovatively, efficiently and accurately. They professionally planned and executed all accounting and compliance processes. I found them responsive, proactive and caring. Their systems are advanced, established and efficient in producing meaningful reports. They highlight current and possible challenges in regular discussions and advise in an easy to understand manner. I am confident tin recommending their business accounting serviced to other businesses.

The approach of RBizz Solutions towards understanding the needs of clients and offering solutions which are fresh, practical and long-lasting is really commendable. I experienced them going all the way to find solutions which are not common. I availed their taxation services for our professional services business and myself. I definitely recommend them to all business and non-business clients.

For small businesses like us, RBizz Solutions have all the right knowledge, experience and tools for a very timely and authentic support. We have found them very friendly and approachable all the time. They take extra care in giving their best advice. The best part is, they keep client's benefit and satisfaction at the top. We highly recommend their services to other businesses.

We availed CFO Services of RBizz Solutions for our young pharmaceuticals business in setting-up financial management processes, reports and decision-making tools. I am impressed with their experience in easing the administrative, governance and compliance challenges start-ups generally face. They have very organized approach to their work. I sincerely appreciate and recommend their services.

In setting-up new company and designing a business structure appropriate to my industry, I took help of RBizz Solutions. Their knowledge and experience on start-ups is deep and futuristic. They advised me on certain aspects which a business must be clear for its long-term stability and growth. With great confidence in their services I will recommend them to new and established businesses.

Rbizz solutions assisted us in organizing our operations by setting-up new processes. With new processes all the instances of administrative lapses have been arrested. In short period of time the efficiency of our business processes has increased tremendously and it has also helped in preparing the performance reports in no time. We would recommend their services to other businesses who are looking for assistance in establishing seamless operations.

RBizz Solutions helped me in designing and setting-up billing, collection, accounting and reporting processes for my business in IT services. Their approach is very innovative. They focus on simple but advance solutions. Their knowledge of integration of systems is impressive. I am significantly saving my time and energy and being able to focus more on my core business. I am happy to recommend their services to any small business owner.