15 Jun ANNUAL WAGE REVIEW – DECISION
The Fair Work Commission (FWC) has announced an increase of 5.2% to the National Minimum Wage (NMW) from 1 July 2022.
- The Panel of the FWC has awarded an increase of $40 to the NMW which amounts to an increase of 5.2%. The NMW will rise from $772.60 to $812.60 per week or $21.38 per hour amounting to a 5.2% increase.
The Panel observed that this level of increase will protect the real value of the wages of the lowest-paid workers.
2. Modern award minimum wage rates above $869.60 per week will receive a 4.6% adjustment, wage rates below $869.60 per week will be adjusted by $40 per week.
In most modern awards the effect of the Panel’s decision will be that the 4.6% adjustment will cut in around the C10, level 5, or trade level, and the flat $40 increase will apply to the lower classifications.
TTIA will send out updated summary sheets to Members in due course.
Please Note: Superannuation Guarantee will increase to 10.5% from 1 July 2022.