Average weekly earnings for May 2012 released

The Australian bureau of statistics has just released the latest average weekly earnings for May 2012. (http://www.abs.gov.au/ausstats/abs@.nsf/mf/6302.0)

We have updated our domestic care calculator to reflect these new rates being $26.36 per hour the New South Wales and $25 per hour for Victoria. In domestic care calculations we use the all employees total earnings figure divided by 40 hours per week.

Our domestic care calculator can be found here.

It enables you to quickly calculate gratuitous care calculations for multiple periods and is used widely throughout the legal profession by personal injury solicitors and occupational therapists in calculating domestic care

In New South Wales the average weekly earnings figures for full-time adult employees increase slightly from $1396.60 cents in February to $1410.50 in the May quarter. This equates to an annual salary of $73,320 per annum.

Over the past year, the earnings will time employees have remained fairly flat with no evidence of major growth in salary levels.

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Disclaimer:

The information provided in this article is general in nature and does not constitute personal financial, legal or tax advice. While every effort has been made to ensure the accuracy of this content at the time of publication, tax laws and regulations may change, and individual circumstances vary. Dolman Bateman accepts no responsibility or liability for any loss or damage incurred as a result of acting on or relying upon any of the information contained herein. You should seek professional advice tailored to your specific situation before making any financial or tax decision.