This release includes the payroll updates for the 2022–2023 financial year.
Student loan thresholds
The new thresholds are:
| Frequency | Threshold amount |
|---|
| Annual | $21,268.00 |
| Monthly | $1,772.33 |
| 4-weekly | $1,636.00 |
| Fortnightly | $818.00 |
| Weekly | $409.00 |
ACC rates and thresholds
We've updated the Earners’ Account Average levy rate per $100 of liable earnings (incl. GST) to $1.46. The ACC Earner Levy new thresholds are set to:
| Frequency | Threshold amount |
|---|
| Employees and private domestic workers (Work and Earners' Accounts) | $136,544.00 |
| Self-employed people (Work and Earner's Accounts) | $136,544.00 |
