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Perspective

Breaking News Alert: 5.2% increase to minimum wage ordered by FWC

Mathew Reiman
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The Fair Work Commission have ordered a 5.2% increase to the National Minimum Wage citing strong labour market performance and a sharp increase in cost of living pressures including rising inflation as key factors in their decision.

Modern Award minimum rates will also increase by 4.6% subject to a minimum increase of $40 per week.

Modern Award rates above $869.60 per week will increase by 4.6%. Modern Award rates below $869.60 pr week will increase by $40 per week.

The changes take effect from 1 July 2022 with limited exceptions for some industries (aviation, tourism, and hospitality) hardest hit by the commercial impact of COVID-19 (these take effect from 1 October 2022 instead).

These changes mean the time to review your employee wages arrangements including employment contracts is now – please reach out to us for assistance regarding the changes and what your business needs to do to be compliant by 1 July 2022.

Mathew Reiman
Published:

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