Fair Work Commission announces 5.2% increase to the national minimum wage
Today the Fair Work Commission announced a 5.2% increase to the national minimum wage, and an increase to award rates of the greater of 4.6% or $40 per week. The decision reflects anticipated rises in inflation and concerns that real wages have fallen in recent times. What should you be doing to ensure you comply?
The Australian Council of Trade Unions had proposed a 5.5% increase and the Australian Chamber of Commerce and Industry, Australian Industry Group and a number of other employer bodies had proposed an increase to minimum wages of between 2.5% and 3%. The Federal Government had submitted that the Fair Work Commission should ensure that real wages of low-paid workers did not go backwards.
National minimum wage increase
The national minimum wage applies to employees not covered by an award or registered agreement. The new national minimum wage as of 1 July 2022 is $812.60 per week or $21.38 per hour. This is an increase of $40 per week.
Award minimums increased
Minimum wages in awards will increase by the greater of 4.6% percent or $40 per week. In effect, modern award minimum wage rates above $869.60 per week will increase by 4.6% and wage rates below $869.60 per week will be adjusted by $40 per week.
In the case of most awards, the changes will begin on the first full pay period on or after 1 July 2022. The Fair Work Commission will publish updates to each of those awards over the coming...
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