The Fair Work Commission ('FWC') today delivered the
Annual Wage Review decision. The increase of 3% was less than those
of the last two years (3.5% and 3.3% respectively).
Reasons given by the FWC for the lower increase were the recent
fall in GDP growth and the drop in inflation, as well as the tax
transfer changes that have occurred over the last year. The
re-election of the Morrison Government also meant that the
intervention in the process foreshadowed by Bill Shorten did not
occur.
The new minimum annual wage will be $740.80 per week or $19.49
per hour, an increase of $21.60 per week or 56 cents per hour. This
applies from the first full pay period on or after 1 July.
Casual loading remains at 25%, other than for those employed
under the Business Equipment Award 2010, where the loading has
increased to 24%.
