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ARTICLE · 08 JUNE 2015

Modest Increase To Australian Minimum Wage

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After completing the Fair Work Commission Annual Wage Review 2014–15, the FWC announced a 2.5 percent increase to the minimum wage, which will take effect from 1 July 2015.

AustraliaEmployment and HR
Adam Salter
Adam Salter
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After completing the Fair Work Commission ("FWC") Annual Wage Review 2014–15, the FWC announced a 2.5 percent increase to the minimum wage, which will take effect from 1 July 2015. The change represents an increase from $16.87 to $17.29 an hour, equating to an increase from the current $640.90 per week to $656.90 per week. This increase is smaller than the increases that have been implemented in previous years.

According to the FWC's Annual Wage Review 2014–15 decision, the FWC had particular regard to the reduction in "aggregate wages growth", along with other factors such as the reduction in inflation. These low rates of growth in wages were discussed in the article above, and according to the FWC, favoured "a more modest increase in minimum wages".

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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