Australia’s minimum wage to increase by 5.75 per cent
The Fair Work Commission (FWC) has announced that minimum wage and modern award wages will increase 5.75 per cent from 1 July 2023.
The Fair Work Commission (FWC) has announced that minimum wage and modern award wages will increase 5.75 per cent from 1 July 2023.
The Australian minimum wage will increase by 5.2 per cent to $21.38 an hour from 1 July, in a decision by the Fair Work Commission.
Cuts to penalty rates in the Retail Award will be phased in over four years, however retail lobbyists are unhappy about the decision.
There has been some confusion in the convenience store industry, caused by the reduction in Sunday penalty rates.
The Federal Opposition moved to block a Fair Work decision that would see some Sunday penalty rates slashed by 25 per cent.
FWC president suggests higher ‘loaded’ hourly rate in lieu of weekend penalty rates to simplify current system.