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Get set for a minimum wage increase

05/06/2023 03:18 PM

Get set for a minimum wage increase

The Fair Work Commission (the Commission) has announced:

  • the National Minimum Wage will be increased to $882.80 per week or $23.23 per hour
  • a 5.75% increase to minimum award wages.


The increase applies from the first full pay period starting on or after 1 July 2023.


National Minimum Wage increase

The National Minimum Wage applies to employees who aren’t covered by an award or registered agreement.


From 1 July 2023, the new National Minimum Wage will be $882.80 per week or $23.23 per hour.


The new National Minimum Wage will apply from the first full pay period starting on or after 1 July 2023. This means if your weekly pay period starts on Monday, the new rates will apply from Monday, 3 July 2023.


Award minimum wage increase


Most employees are covered by an award. Awards are legal documents that outline minimum pay rates and conditions of employment in your industry or occupation. If you’re not sure which award applies to you, use Find my award.


This increase will apply from the first full pay period starting on or after 1 July 2023. This means if your weekly pay period starts on Monday, the new rates will apply from Monday, 3 July 2023.


Agreements

If you’re covered by a registered agreement, the minimum wage increase may apply. This is because the base pay rate in a registered agreement can’t be less than the base pay rate in the relevant award. Check your agreement by searching for it on the Commission’s website: Find an agreement.


Other upcoming changes

Secure Jobs, Better Pay: 6 June changes to workplace laws

From 6 June 2023, there are changes related to:

  • requesting flexible working arrangements
  • extending unpaid parental leave
  • agreement-making
  • bargaining.


Aged care sector

Direct care and some senior food services employees in the aged care sector will receive a 15% wage increase from 30 June 2023.

For more information, visit, 15% wage increase for aged care sector.


Paid Parental Leave scheme

From 1 July 2023, the Paid Parental Leave scheme is changing.

For more information, visit, Changes to the paid parental leave scheme.


Superannuation

From 1 July 2023 the superannuation guarantee rate will increase from 10.5% to 11%.

For more information, visit, Super guarantee percentage.

If you want to understand your super obligations or entitlements, contact the ATO for help and advice at  ATO – Contact us.

RBizz Team