Last week the Fair Work Commission announced a 2.5% increase to minimum wages. The increase will apply from the first full pay period starting on or after 1 July 2015.
According to the website fairwork.gov.au, they are working on updating the pay tools with the new pay rates.
The increase only applies to employees that get their pay rates from the national minimum wage, a modern award or in some cases a registered agreement.
Most employees are covered by an award. Award rates will increase by 2.5%. If you’re not sure which award applies to you, visit Awards.
The new national minimum wage will be $656.90 per week or $17.29 per hour. The national minimum wage applies to employees who aren’t covered by an award or agreement.
What happens next?
The Fair Work Commission will issue draft determinations and orders about how this decision affects each modern award.
It usually takes the Commission 2-3 weeks to update the pay rates in each award. It is important that employers are prepared in a few weeks time when the new rates kick in.