NATIONAL MINIMUM WAGE UPDATE
The Fair Work Commission has announced a 3.5% increase to minimum wages. The increase applies from 1 July 2018.
The outcome of the Fair Work Commission’s Expert Panel’s review is that from 1 July 2018:
- the National Minimum Wage and Modern Award minimum wages will increase by 3.5%; and
- the National Minimum Wage will increase to $719.20 per week (up from $694.90) or $18.93 per hour (up from $18.29).
Employers who pay their employees at or close to the minimum wage rates pursuant to a Modern Award, the National Minimum Wage or other industrial instrument, will be required to increase their employees’ pay in the first pay period on or after 1 July 2018.
For further information in relation to the changes, please contact Skye Engwerda (03) 5480 6344.