In reference to the Annual Wage Review, the Fair Work Commission (FWC) have made the following announcements:
As of July 1, 2023, the National Minimum Wage will increase by 3.75%, effective from the first full pay period after 1 July 2024.
This adjustment sets the new National Minimum Wage at $915.90 per week, or $24.10 per hour.
Concurrently, minimum award wages will also see a 3.75% increase, impacting most employees who are covered by an award.
For those unsure about their applicable award, resources are available to assist in identifying the correct award.
These changes reflect the Commission’s commitment to maintaining equitable wage standards and supporting the workforce’s financial stability.
For more information about these measures click here.