New Minimum Wages

A number of awards have increased their minimum rates of pay from 1 February 2021 by 1.75%. A lot of these are in industries directly impacted by Covid 19. Namely retail, accommodation and food services. Applicable awards are

General Retail Industry award;
Hair & Beauty Industry Award;
Hospitality Industry (General) Award;
Registered & Licensed Clubs Award;
Restaurant Industry Award

Should you have employees covered by the above awards, please ensure you are compliant with the new rates of pay. For more information please refer to https://www.fairwork.gov.au/pay/minimum-wages/pay-guides.

Interesting Podcasts

Sick of your playlist on Spotify and looking for Podcasts business and or finance related, then check out these.

1. The Property Couch
This Podcast covers everything you need to know about investing in property. From managing your household income, accessing loans, finding the right area and properties to avoid. If your looking to educate yourself on property investing then this podcast is a must.

2. Xero In
This podcast focuses on the ins and outs of operating a small business. With practical insights and interviews with brilliant business minds.

3. My Millennial Money
The hosts discuss money matters in a light hearted way. A great balance between practical money tips and fun.

Do you have any Podcasts your listening to right now. Please let us know.