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Pay bump for new parents

The maximum weekly rate of parental leave payments will increase today from $564.38 per week to $585.80 per week before tax.

The minimum rate for self-employed persons will increase to $177.00 per week, which is equal to 10 hours of adult the minimum wage.

Government-funded paid parental leave is intended to support expectant and new parents during some of the first months of their babies’ lives.

Each year, the parental leave payment is adjusted to reflect the rise in the average wage.

Paid parental leave is currently 22 weeks and will increase to 26 weeks from 1 July 2020.

 

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