What is the high income earner threshold in Australia?

So, you’re wondering about the high income threshold in Australia? It’s a bit of a tricky thing, isn’t it? Basically, it decides who gets certain workplace protections, you know, like if you can claim unfair dismissal and stuff. Currently – and this is as of July 1st, 2024, so pretty recent – it sits at $175,000. Think about that…$175,000! Seems like a lot, right? But it means if you earn more than that (lucky you!), and your contract guarantees that annual income, you might not be able to access the same unfair dismissal protection as someone earning less. Kinda makes you think, huh? Like, what if your boss suddenly decides they don’t like your tie and fires you? Crazy! I remember reading a story once about this guy, a high-level executive, who got let go for some ridiculous reason… I can’t remember the details, but it really stuck with me. It just shows you, even if you’re earning a good wage, these rules can still impact you. So, yeah, $175,000 is the magic number. Important to keep in mind!