26 Jun FAIR WORK COMMISSION WAGE REVIEW
The Fair Work Commission has released the ninth annual minimum wage review decision under the Fair Work Act, 2009 on 1 June 2018.
This decision increases the modern award wage rates by 3.5% and the national minimum wage from $694.90 per week to $719.20 per week, or $18.93 per hour, based on a 38 hour working week. This constitutes an increase of $24.30 per week to the weekly rate or 64 cents per hour to the hourly rate.
Last year’s increase was 3.3%. The increased rates will take effect from the first full pay period starting on or after 1 July 2018.
All Members should ensure they meet the new minimum obligations from 1 July 2018. Please remember, the increase is fully absorbable into over award payments. Members can download award summary sheets from this site.