1 July 2023 wage increases

HomeInsights

1 July 2023 wage increases.


On 1 July 2023, award rates of pay and the National Minimum Wage increased by 5.75%.


It is critically important that all employers review their payroll systems and ensure they are applying the correct rates and Awards. The National Minimum Wage applies to workers not covered by an Award or registered agreement.


From 1 July 2023, the National Minimum wage has increased to $23.23 per hour ($882.80 per week for a full time employee working a standard 38 hours week). For casuals, the minimum wage including the 25% casual loading is a minimum of $29.04 per hour.


For workers under an Award, adult minimum award wages increase by 5.75% applied from the first full pay period on or after 1 July 2023. Proportionate increases apply to junior workers, apprentice and supported wages.


In addition, the superannuation guarantee increased from 10.5% to 11% on 1 July 2023.


If the employment agreement with your workers states the employee is paid on a ‘total remuneration’ basis (base plus SG and any other allowances), then their take home pay might be reduced by 0.5%.


That is, a greater percentage of their total remuneration will be directed to their superannuation fund. For employees paid a rate plus superannuation, then their take home pay will remain the same and the 0.5% increase will be added to their SG payments.

Let's work together.

We want our people to be the best they can be.


CONTACT US  CONTACT US 



The Critical-5 Financial Metrics That Drive Business Performance

Lunch & Learn Workshop // 4 September, 2026 - 12:00 - 1:30pm
$35pp includes lunch

Many business owners believe growth comes from more sales. But in reality, the strongest and most profitable businesses grow by improving how the business works, not just by selling more. This session is designed to change that. The 5-Critical Financial Metrics is a practical workshop that shows you where small, targeted changes can create disproportionately big improvements in profit, cashflow and sustainability.


Pricing, Profit and Your Ideal Client: Why Being Busy Is Different To Being Profitable

Lunch & Learn Workshop // 26 June, 2026 - 12:00 - 1:30pm
$35pp includes lunch

This session is designed to change that. Pricing, Profit & Your Ideal Client is a practical workshop that helps you understand where your profit really comes from, how pricing decisions affect margins, and why working with clients that align with your business makes a measurable difference to both profit and cashflow. 


Skybots: RPA & A.I Training Course MELBOURNE 22-23 June, 2026

AI-Enhanced Automation for Accounting and Finance Professionals: Leveraging RPA, VBA, ChatGPT, and Copilot for Innovation and Productivity.

Join SkyBots’ 2-day Workshop in MELBOURNE with automation expert Daryl Aw to revolutionise your workflow using Power Automate, UiPath, VBA, and cutting-edge Agentic AI. Tailored for accounting and finance professionals, bookkeepers and small business owners, this hands-on training will teach you to automate repetitive tasks, generate and optimise VBA scripts, and deploy robust automation solutions independently. 


Skybots: RPA & A.I Training Course BRISBANE 19-20 June, 2026

AI-Enhanced Automation for Accounting and Finance Professionals: Leveraging RPA, VBA, ChatGPT, and Copilot for Innovation and Productivity.

Join SkyBots’ 2-day Workshop in BRISBANE with automation expert Daryl Aw to revolutionise your workflow using Power Automate, UiPath, VBA, and cutting-edge Agentic AI. Tailored for accounting and finance professionals, bookkeepers and small business owners, this hands-on training will teach you to automate repetitive tasks, generate and optimise VBA scripts, and deploy robust automation solutions independently. 


Cashflow Essentials - Keeping Control of Cash in a Growing Business

Lunch & Learn Workshop // 27 March, 2026 - 12:00 - 1:30pm
$35pp includes lunch

Many business owners are surprised to learn that most businesses don’t fail because they’re unprofitable -  they fail because they run out of cash. This session is designed to change that. Cashflow Essentials is a practical workshop that shows you how cash really moves through your business, why cash pressure happens, and how to stay in control - even while you’re growing.


Know Your Numbers - Understanding your Profit & Loss, Balance Sheet and Cash Statements

Lunch & Learn Workshop // 27 Feb, 2026 - 12:00 - 1:30pm
$35pp includes lunch

If you’re like most business owners, you receive financial reports, and you have your accounting software, but you don’t always feel confident interpreting them. This workshop is designed to change that.
Know Your Numbers is a practical, plain-English workshop that teaches you how to properly read and understand your core financial reports - and, more importantly, how they work together to show the real health of your business.


Ten property markets identified as future growth hotspots

Ten property markets across four states have been identified as offering strong long-term capital growth potential.


Home prices continue to climb, but the pace slows in early 2026

Australia’s housing market opened 2026 on a positive note, with the latest Cotality Home Value Index showing a 0.4% rise.


The Fringe Benefit Tax Traps

The Fringe Benefits Tax year (FBT) ends on 31 March. We explore the problem areas likely to attract the ATO’s attention.


Fringe Benefits Tax - All the need-to-knows

On 31 March, the Fringe Benefits Tax (FBT) year ends. With the ever increasing budget deficits, the ATO will be reviewing whether all employers who should be paying FBT are, and that they are paying the right amount. Who needs to lodge a FBT return? Find out here.


Skybots: RPA & A.I Training Course PERTH 17-18 Feb, 2026

AI-Enhanced Automation for Accounting and Finance Professionals: Leveraging RPA, VBA, ChatGPT, and Copilot for Innovation and Productivity.

Join SkyBots’ 2-day Workshop in PERTH with automation expert Daryl Aw to revolutionise your workflow using Power Automate, UiPath, VBA, and cutting-edge Agentic AI. Tailored for accounting and finance professionals, bookkeepers and small business owners, this hands-on training will teach you to automate repetitive tasks, generate and optimise VBA scripts, and deploy robust automation solutions independently. 


Why Payday Super Raises the Stakes for Company Directors

If you’re a director of a small business, Payday Super isn’t just an HR or payroll issue. It’s a governance issue that could directly affect your personal legal exposure.


Payday Super Calculation Changes

Payday Super doesn’t just change when you pay super. It also changes how super is calculated. If you’re a small business owner, it’s important to understand these shifts — because they could affect how much you owe and for which employees.


Payday Super - Compliance & Penalties

One of the most important things to understand about Payday Super isn’t just that you need to pay super more often. It’s that the consequences of getting it wrong are more severe than under the current system.


The ATO’s Free Super Clearing House Is Closing

If your business uses the ATO’s Small Business Superannuation Clearing House (SBSCH) to process super payments, this is important: the service is shutting down on 1 July 2026, and it’s not coming back.


Payday Super: Updating Your Payroll and Systems

When Payday Super kicks in on 1 July 2026, it won’t just change when you pay super. It will change how much your payroll system has to do, how often it has to do it, and how little room there is for error.


How Payday Super Will Change the Way Your Business Manages Money

From 1 July 2026, the new Payday Super rules require you to pay super at the same time as your employees’ wages. For small businesses, this is one of the most impactful changes in years - and the biggest area it will hit is your cash flow.


Payday Super: 6 Things Every Small Business Needs to Know Before 1 July 2026

If you employ staff, one of the biggest changes to hit your business in years is coming on 1 July 2026. It’s called Payday Super, and it fundamentally changes how and when you pay superannuation.

Related News

17 Feb

Fringe Benefits Tax - All the need-to-knows

On 31 March, the Fringe Benefits Tax (FBT) year ends. With the ever increasing budget deficits, the ATO will be reviewing whether all employers who should be paying FBT are, and that they are paying the right amount. Who needs to lodge a FBT return? Find out here.


READ MORE READ MORE
16 Feb

Why Payday Super Raises the Stakes for Company Directors

If you’re a director of a small business, Payday Super isn’t just an HR or payroll issue. It’s a governance issue that could directly affect your personal legal exposure.


READ MORE READ MORE
16 Feb

Payday Super Calculation Changes

Payday Super doesn’t just change when you pay super. It also changes how super is calculated. If you’re a small business owner, it’s important to understand these shifts — because they could affect how much you owe and for which employees.


READ MORE READ MORE