Overview

Capital
Currency
Australian Dollar

Taxes

Employer
4.85% - Payroll Tax (State)
Up To 12% - Medicare
9.5% - Pension Fund
Employee
Up To 2% - Medicare Levy
0% - Income up to AUD 18,200
19% - AUD 18,200 - AUD 37,000
32.5% - AUD 37,000 - AUD 90,000
37% - AUD 90,000 - AUD 180,00
45% - AUD 180,000 and over

Minimum Wage

General

The national minimum wage is $19.49 per hour.

Payroll Contributions

Pension Fund

Mandatory occupation pension (Superannuation) is comprised of funds from the employer and government. Mandatory occupation pension (Superannuation) is comprised of funds from the employer and government. • Employer – 9.5% of employees earning
• Government - depends on employees’ annual income

Leave

Maternity Leave

Eligible employees who are the primary carer of a newborn or adopted child get up to 18 weeks' leave paid at the national minimum wage. These payments are made to the employer first, who then pays them to the employee. These payments can be paid before, after or at the same time as other entitlements such as annual leave and long service leave.

Paternity Leave

Eligible working dads and partners (including same-sex partners) get 2 weeks leave paid at the national minimum wage. These payments are made directly to the employee from the Australian Government

Termination

Termination Process

If the employee has been in the company for less than a year, one weeks of notice is required by the employer. Over 5 years in the company requires 4 weeks of notice. Additionally, written notice must be given on the day of termination and a payment can be made in lieu of notice.

Notice Period

Employees are required to give the same amount of notice to the employer as the employer is required for termination procedure.

Severance Pay

Payment is given based on continuous period of service, and pay rate is given for ordinary hours worked.
At least 1 year but less than 2 years 4 weeks
At least 2 years but less than 3 years 6 weeks
At least 3 years but less than 4 years 7 weeks
At least 4 years but less than 5 years 8 weeks
At least 5 years but less than 6 years 10 weeks
At least 6 years but less than 7 years 11 weeks
At least 7 years but less than 8 years 13 weeks
At least 8 years but less than 9 years 14 weeks
At least 9 years but less than 10 years 16 weeks
At least 10 years 12 weeks*

VAT

General

GST is 10%.