Wage Review by Fair Work Commission results in increase
Annual Wage Review decision by Fair Work Commission has resulted in an increase for 2014/2015.
On 4 June 2014, the Annual Wage Review panel handed down its decision to increase the national minimum wage.
Effective 1 July 2014, the national minimum wage will increase by 3%, lifting it to $640.90 per week or $16.87 per hour. Modern award minimum weekly wages will also increase by 3%.
The rates are yet to be published by the Fair Work Commission but rest assured as soon as they are made available we will notify all current Employer Advisory Service clients.
We urge all employers to check their payroll obligations to ensure that you are meeting the minimum wage obligations under the Fair Work Act and Modern Awards.
If you require further information or assistance, contact us and we will guide you through the process. For more information or help contact us on 1300 116 400 or [email protected]