Minimum Wage Increased!
An expert panel of the Fair Work Commission yesterday handed down its annual minimum wage order. It increased the minimum wage by 2.4% to $672.70 per week, or $17.70 per hour (up from $656.90 or $17.29).
This will impact more than 1.86 million Australian workers (employees not covered by an enterprise agreement or a modern award). For those of you who handle client payroll, the order will take effect in relation to a particular employee from the start of the employee’s first full pay period on or after 1 July 2016.