Minimum Wage Increase by 2.5%

Minimum Wage Increase

 

A 2.5 % increase to minimum wages was announced by the Fair Work Commission. The increase will apply from the first full pay period starting on or after 1 July 2015.

The wage increase applies to employees that are under the national minimum wage, a modern award or in some instances, a registered agreement*.

The new minimum wage will be set at $656.90 per week, up from $640.90. The new hourly rate is $17.29 up from $16.87. Most employees should be covered by the award. Award rates will increase by 2.5%.

*Awards don’t apply when a business has an enterprise agreement or other registered agreement and the employee is covered by it.

Employee vs. Independent Contractor

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About the author

Jodie is the Managing Director of PJT. She leads the team in making sure we are providing you with exceptional service and are always staying one step ahead. She now puts her experience in growing businesses into PJT.