The Fair Work Commission’s Minimum Wage Panel has delivered a 2.4% increase to Modern Award minimum wages on Tuesday 31 May 2016.
The federal minimum weekly wage will increase by $15.80 per week ($0.41 per hour) to $672.70 per week ($17.70 per hour) from the first full pay period on or after 1 July 2016.
All modern award and agreement base rates will also increase by 2.4% from the first full pay period on or after 1 July 2016. Weekly wages are required to be rounded to the nearest 10 cents.
You can access and print the updated wage tables by clicking on the button link below.
If you would like more information on the impact that the increase might have on your business or any other IR/HR Advice, please contact Lisa Dwyer on 3915 4213 or [email protected].