In reference to the Annual Wage Review, the Fair Work Commission (FWC) have made the following announcements:
- As of July 1, 2022, the National Minimum Wage will increase by 5.2%, which measures to an addition of $40 per week.
- The minimum awards wages will increase by 4.6%, which is subject to the awards classification of $40 per week and is applied to all full-time employees with a 38-hour week schedule.
Therefore, the minimum award wages:
- Above $869.60 per week will receive an increase of 4.6% and
- Below $869.60 per week, will receive a $40 increase
The new National Minimum wage will be $21.38 per hour and $812.60 per week. This will take effect on the first full pay period on July 1, 2022, and onwards. For example, if your pay period repeatedly occurs every Monday, the new rates will be applied from Monday July 4, 2022, and onwards.
Depending on whether you are covered by an award, this rate increase will occur in two stages. This new rate will be applied to most awards within the first full pay period either on or after July 1, 2022. However, for some awards in tourism industries, hospitality and aviation, this increase will begin October 1, 2022.
For more information about these measures click here.