1 min read

4 financial year changes you need to know about

When the clock strikes midnight on 1 July, several important changes happen that affect employment law. As always, at the Employment Law Handbook, we stay on top of these changes so you don't have to. Our website has been fully updated to reflect every change that the new financial year has brought.

Here are four key changes that you should be aware of:

  1. The national minimum wage and all modern award minimum wage rates increased by 3.5%. For 2025–2026, the national minimum wage is $24.95 per hour or $948 per week.
  2. The amount of parental leave to which a family is entitled has increased by 10 days, to 120 days. The most one parent in a couple can use is now 105 days. To get the full 120 days, both parents need to claim and be eligible. If only one parent in the couple is eligible, the 105-day limit still applies. A single parent gets the full 120 days. Parents can take 20 days of concurrent leave. Superannuation must now be paid on parental leave pay.
  3. The high-income threshold for unfair dismissal applications and contractors challenging unfair deactivations and contractual terms has increased to $183,100.
  4. The superannuation guarantee rate has increased from 11.5% to 12%.

Rest easy knowing we have got you covered!

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