Changes to Super Guarantee from 1 July 2022
There are a number of changes to Super Guarantee (SG) that employers and employees needs to be aware of:
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- Rate increase: the rate of SG increases by 0.5%, to 10.5%. This is in line with the Federal Government’s current schedule of rate increases set out below:
| Period | General super guarantee (%) |
| 1 July 2022 – 30 June 2023 | 10.5 |
| 1 July 2023 – 30 June 2024 | 11 |
| 1 July 2024 – 30 June 2025 | 11.5 |
| 1 July 2025 – 30 June 2026 onwards | 12 |
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- Removal of $450 income threshold: an employer is now required to make SG contributions to super, regardless of how much an employee earns in a month.
The eligibility requirements for super remain in place – employees under 18, or those classified as private or domestic workers (i.e. nanny) must work for their employer for more than 30 hours per week to qualify for SG payments (i.e. this requirement has not changed).
Minimum wage increase
As part of the annual review of the National Minimum Wage, the Fair Work Commissioner has announced that the National Minimum Wage will increase by 5.2%. The new National Minimum Wage will be $812.60 per week (i.e. $21.38 per hour for a 38 hour week). This change applies to the first full pay period after 1 July 2022. Wages above $869.60 per week will increase by 4.6%.
Most award rates increase on 1 July 2022. For some awards in aviation, hospitality & tourism industries, the increase will come into force from 1 October 2022.
Employers should ensure that their employees covered by awards are paid at least the minimum wage in their relevant award.