Get set for a 3.3% increase to minimum wages – 2017 Annual Wage Review

ACCOUNTANTS SYDNEY

The Fair Work Commission (FWC) has announced a 3.3% increase to minimum wages.

The increase applies from the first full pay period starting on or after 1 July 2017.

The new national minimum wage will be $694.90 per week or $18.29 per hour.

What do I need to do?

Nothing for now. We’re working on updating our pay tools with the new pay rates.

 

Who does the increase apply to?

The 3.3% increase applies to employees that get their pay rates from:

  • the national minimum wage
  • a modern award.

The national minimum wage applies to employees who aren’t covered by an award or agreement.

For employees covered by an award, award rates will increase by 3.3%. If you’re not sure which award applies, use Find my award.

If you’re covered by a registered agreement, you should check it to see whether this increase affects you.

The increase doesn’t affect employees who are already getting paid more than the new minimum wage.

What happens next?

The FWC will issue draft determinations and orders about how this decision affects modern awards. It will then update the pay rates in each award.

It usually takes the FWC a few weeks to do this.

Some penalty rates are changing too

Remember, certain penalty rates in some hospitality and retail awards will also change from 1 July 2017. Visit our Penalty rates changes 2017 page to read more about these changes and who they affect.

More information
Read the Fair Work Commission’s 2017 Annual Wage Review decision
Reference: https://www.fairwork.gov.au/about-us/news-and-media-releases/website-news/get-set-for-a-3-3-increase-to-minimum-wages-2017-annual-wage-review

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