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June-July 2018 Staff Update

End of the Financial year We closed off for the end of the financial year on Sunday 24th June. On Thursday we emailed your PAYG Summaries for 2017-2018 so check your emails. This will be the last year that PAYG Summaries will be issued from employers. From the first pay week of the new financial year the Australian Taxation Office (ATO) will implement Single Touch Payroll (STP). For details, see bottom of page. New Minimum Award Rates Great news, get set for a 3.5% wage increase – 2018 Annual Wage Review The Fair Work Commission has announced a 3.5% increase to minimum wages. The increase applies from the first full pay period starting on or after 1 July 2018. Barangaroo WOW, There are three

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