Minimum Wage Increase
Are you ready for a 3.5% increase to base rates of pay?
The Fair Work Commission has announced a 3.5% increase to minimum wages following its 2018 Annual Wage Review. The increase will apply to base rates of pay from the first full pay period starting on or after 1 July 2018.
The new national minimum wage will be $719.20 per week or $18.93 per hour.
Does this increase apply to my employees?
The change only applies to employees that get their pay rates from the national minimum wage, a modern award or in some cases a registered agreement.
Most employees are covered by an award. If you’re not sure which award applies to you or your employees you can use the Find my award on the FWA website.
To read the full Annual Wage Review Decision click here.
If you think your Redlands or Brisbane business may need a Bookkeeper or Registered BAS
Agent to help meet your financial obligations – please contact Accurate Balance here.