06 Jun 2013 Annual Wage Review Decision
The Fair Work Commission has released the 2013 Annual Wage Review decision under the Fair Work Act, 2009 on 3 June 2013. This is the fourth annual minimum wage review to be conducted by the Fair Work Commission. This decision increases modern award wage rates by 2.6% and also increases the national minimum wage from $606.40 to $622.20 per week being $16.37 per hour, up by 41 cents per hour. This is an increase of $15.80, less than last year’s increase of $17.10. The increased rates will take effect from the first full pay period starting on or after 1 July 2013.
Transitional instruments that are still in existence will be adjusted in line with the 2.6% increase and the minimum casual loading for award/agreement free employees has been increased from 23% to 24% as part of the transitioning to 25%.
All Members should ensure they meet the new minimum obligations from 1 July 2013. Please remember, the increase is fully absorbable into over award payments. The new award rates will be posted for TTIA Members on the website, and Members with digests will be sent new wage summary sheets in due course. In the meantime, if you have any questions, please contact the TTIA on (02) 9264 0011.