Minimum Wage Decision
Effective from 1 July 2010 the minimum wage has been set at $569.90 for a 38 week. Detailed information can be found at www.fwa.gov.au and by going to annual wage review.
Super Contributions
The maximum that can be contributed to superannuation for an individual
(both employer and sacrificed pre tax) and receive concessional tax treatment at 15% for 2010/11 is as follows:
Under 50 years of age $25,000 - tax on excess = 46.5%
Over 50 years of age - $50,000 - tax on excess = 46.5%
Maximum Super Contribution Base
For 2010/11 the maximum quarterly contributions base will be $42,220 which equates to $3,799.80 - 9% SG.
2010/11 FBT
Benchmark Interest Rate
The notional rate used for FBT purposes for employee loans and some other benefits is 6.65% for the FBT year.
2010/11 HELP & SFSS thresholds
Information for these can be found on the Information link under Resources on this website.
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