King & Wood Mallesons

Asia-Pacific 100 position: 3

Income cap rise affects unfair dismissal and guarantee of annual earnings arrangements

Employers should review their dismissal procedures and guarantee of annual earnings arrangements following the annual increase to the Fair Work Act’s high-income threshold.

From 1 July 2013, the income cap that determines access to unfair dismissal applications and eligibility for guarantees of annual earnings will increase to $129,300. The previous limit (effective to 30 June) was $123,300…

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