Both employers and employees may not be entirely happy with the decision – neither got what they wanted - but it is likely that FWC will consider they reached an appropriate ‘middle ground’ in increasing the minimum wages in all modern awards by 5.75% from the first full pay period commencing on or after 1 July 2023.
The National Minimum Wage has also been increased from $21.38 per hour to $23.23 [$882.80 per week] (*albeit the linkage is now against the C13 wage level not C14 as previous).
Action List
Update your payroll systems in readiness;
Overaward payments can continue to be absorbed;
Review your annualised salaries or ‘flat rates’ of pay to ensure that these payments will still satisfy the increases; and
If paying under an EA make sure that the EA rate of pay is no lower than the increased relevant modern award base rate of pay.
Edge Legal
Relationships. Respect. Results
Sign up for our 'Tips & Trends' Articles
You will get short, relevant articles on topical areas with actionable steps and real commentary
We care about the protection of your data. Read our Privacy Policy.