July

Home / Tolley's Global Mobility: Employment Taxes (Worldwide excluding Europe) /Monthly Updates /2024 / July

Country	New development	Further reading
Australia	On 28 May 2024, the Department of Home Affairs announced an increase in the Temporary Skilled Migration Income Threshold (TSMIT) to AUD 73,150 (up from AUD 70,000) as from 1 July 2024.	Australia 9.2
	On 3 June 2024, the Australian Fair Work Commission announced the Annual Wage Review 2023–24 decision, which set the national minimum wage at AUD 915.90 per week or AUD 24.10 per hour, effective from 1 July 2024.	Australia 9.1
	On 6 June 2024, the government of South Australia delivered the State Budget 2024-25, according to which an exemption from payroll tax on the wages of general practitioners (GPs) related to bulk-billed services will be introduced to the Payroll Tax Act 2009 from 1 July 2024.	Australia 1.1.4
	On 5 June 2024, the Australian Tax Office released the residents' personal income tax rates for 2024–25.	Australia 1.1
	Australian Taxation Administration (Withholding Schedules) Instrument 2024 was gazetted on 11 June 2024. It provides the formulas and coefficients required to calculate the amounts to be withheld from payments made