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Sunday, 13 October 2013

High Income Threshold 2013/14

The new high income threshold for 2013-2014 is $129,300.00

The high income threshold affects 3 main entitlements:

1.   Employees who earn  more than the high income threshold and who aren’t covered by a modern award or enterprise agreement, can’t make an unfair dismissal claim

2.   Employees who are covered by a modern award and have agreed to a written guarantee of annual earnings that is more than the high income threshold, don’t get modern award entitlements.  However, they can make an unfair dismissal claim

  1.      The maximum amount of compensation payable for unfair dismissal is capped at either half the high income threshold, or 6 months of the dismissed employee’s wage – whichever is less

The information is taken from ‘The Association of Payroll Specialists’ newsletter.
 

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