The Fair Work Commission has released the 2017 Annual Wage Review decision under the Fair Work Act, 2009 on 6 June 2017.
This decision increases the modern award wage rates by 3.3% and the national minimum wage from $672.70 to $694.90 per week, being $18.29 per hour, based on a 38 hour working week. This constitutes an increase of $22.20 per week to the weekly rate or 59 cents per hour to the hourly rate.
Last year’s increase was 2.4%.
The increased rates will take effect from the first full pay period starting on or after 1 July 2017.
All Members should ensure they meet the new minimum obligations from 1 July 2017. Please remember, the increase is fully absorbable into over award payments.
TTIA 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.