Source: Clem Onojeghuo/Unsplash.
article-article-body
The federal government has maintained its call for the national minimum wage to move in line with inflation, heralding the possibility of significant back-to-back increases flowing through to small business employers already facing a scheduled superannuation payment increase.
The Fair Work Commission is weeks away from handing down its minimum wage decision for the 2023-2024 financial year, outlining the baseline income of an estimated 2.7 million Australian workers covered by the minimum employment standards.
In its post-budget submission, the federal government on Friday said increases to the minimum wage, currently set at $21.38 an hour, should not fall behind the inflation rate.
Handpicked for you
Small gains, big crackdowns: What the tax measures in the budget mean for small business
Small businesses need a sustainable tax system that will encourage investment and generate economic growth.
325,000 extra Australians help Labor deliver the first surplus since Costello
The government expects to collect an astonishing $42 billion more than it expected to this financial year and will deliver a surplus.
COMMENTS
Reader comments will be back online shortly. In the interim send us any tips or feedback via news@smartcompany.com.au.