1 July 2024 changes that may affect your business

Find out more about the key changes taking effect from 1 July 2024 that are likely to have an impact on small business owners in Western Australia.

New minimum wages

The minimum wage for both the national and state industrial relations systems will increase from the first pay on or after 1 July 2024.

National minimum wage increase

If your business operates under the Fair Work federal industrial relations system (covering businesses such as ‘Pty Ltd’ companies), the new national minimum wage will be $915.90 per week or $24.10 per hour. This rate takes affect from the first full pay period starting on or after 1 July 2024. 

To know more: https://www.smallbusiness.wa.gov.au/blog/1-july-2024-changes-may-affect-your-business