Minimum Wages are Increasing
The Fair Work Commission has announced a 2.4% increase to minimum wages. The increase will apply from the first full pay period starting on or after 1 July 2016.
Who does the increase apply to?
The increase only applies to employees that get their pay rates from the national minimum wage, a modern award or in some cases a registered agreement.
The new national minimum wage will be $672.70 per week or $17.70 per hour. The national minimum wage applies to employees who aren’t covered by an award or agreement.
Most employees are covered by an award. Award rates will increase by 2.4%. If you are not sure which award applies to you, please contact us.
We recommend a review of your payroll obligations to ensure you are meeting your minimum wage compliance responsibilities. Please contact Key Business Advisors HR Team on 1300 4 ADVICE.
