By Key Business Advisors News

july dayThe Fair Work Commission has increased minimum wages in awards and the national minimum wage by 3%, effective from the first full pay period starting on or after 1 July 2014. Allowances in awards will also increase as a result on 1 July. The new national minimum wage for a full-time adult will be $640.90 per week or $16.87 per hour. The minimum superannuation guarantee rate has also increased to 9.5%.

It will also be easier to calculate modern award pay rates from 1 July 2014, as the model transitional arrangements found in most modern awards will end on that date. If your award has the model transitional arrangements the full pay rates, casual loadings and penalties will apply. You will no longer need to phase from pre-modern award rates.

Four awards that have unique arrangements where phasing of pay rates, casual loadings and penalties may still apply are:

  • Cleaning Services Award 2010
  • Hospitality Industry (General) Award 2010 (SA employers only)
  • Registered and Licensed Clubs Award 2010 (SA employers only)
  • Social, Community Home Care and Disability Services Industry Award 2010.

Contact the Key Business Advisors HR Team on 1300 4 ADVICE if you need more information about wages, modern award pay rates, and allowances.

 

Source: Fair Work Ombudsman. “Get set for 1 July 2014.” Retrieved 25 June 2014

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