The Annual Wage Review Decision has been announced by the Fair Work Commission awarding a 2.5% increase to the minimum wage.
The National Minimum Wage will be increased to $20.33 per hour and $772.60 per week, being a $18.80 weekly increase.
The wage increase will apply from 1 July 2021 for most awards.
There are some exceptions.
The pay increase will not apply to the General Retail Industry Award 2020 until 1 September 2021, or to the following modern awards until 1 November 2021:
- Air Pilots Award 2020
- Aircraft Cabin Crew Award 2020
- Airline Operations – Ground Staff Award 2020
- Airport Employees Award 2020
- Airservices Australia Enterprise Award 2016
- Alpine Resorts Award 2020
- Amusement, Events and Recreation Award 2020
- Dry Cleaning and Laundry Industry Award 2020
- Fitness Industry Award 2020
- Hair and Beauty Industry Award 2020
- Hospitality Industry (General) Award 2020
- Live Performance Award 2020
- Mannequins and Models Award 2020
- Marine Tourism and Charter Vessels Award 2020
- Nursery Award 2020
- Racing Clubs Events Award 2020
- Racing Industry Ground Maintenance Award 2020
- Registered and Licensed Clubs Award 2020
- Restaurant Industry Award 2020
- Sporting Organisations Award 2020
- Travelling Shows Award 2020
- Wine Industry Award 2020.
In addition, the superannuation guarantee rate will increase on 1 July 2021 from 9.5% to 10%.
If you would like to know more about how this will affect you or your business, please call Signature Law on 02 4861 2345.
Please note this blog is general in nature and for information purposes only and should not be relied on for legal advice. Should you require advice regarding the information in this email please contact us so we may provide advice specific to your needs and circumstances.
