The Fair Work Commission's Expert Wage Panel determined to
increase the National Minimum Wage and Modern Award rates of pay by
2.4%. The new rates of pay will come into effect from the first
full pay period on or after 1 July 2016.
Specifically, from 1 July 2016 the National Minimum Wage will be
$672.70 per week or $17.70 per hour. The rates of pay in all Modern
Awards will also increase by 2.4% and consequently increase the
amount of any applicable loadings or penalties, however that
increase may not be 2.4%.
Now is the time for business to review the wages and salaries of
their staff to ensure that they are meeting their minimum wage
obligations in either the National Minimum Wage Order or applicable
Modern Award. Additionally, it is an ideal time for those
organisations utilising set off provisions in their contracts of
employment to review the rates of pay provided to staff to ensure
those rates are sufficient to cover the work performed. Moreover,
those
