New financial year – new minimum wage

It’s that time of year again! Fair Work has announced a 3.5% increase to the minimum wage.

That means that come 1 July 2018, all Modern Award minimum base rates of pay will increase by 3.5%, and the national minimum wage will increase to $719.20 per week.

The Fair Work Ombudsman office is currently working to update all the online pay guides for each Award which will be available in due time.   However, now is the time to prepare your business for pay changes to be processed in the first full pay cycle in the new financial year.

Not sure where to start? Need help interpreting an Award or your employees pay rates?  Contact us!

Melissa Montang