Fair Work Commission raises minimum wage by three per cent

The Fair Work Commission’s wage review panel has decided to increase pay for those on awards by three per cent from July 1, 2014.

The minimum wage for award free employees has been raised to $640.90 per week (rounded to the nearest 10 cents) or $16.87 per hour. 

The hourly rate has been calculated on the basis of a 38-hour week for a full-time employee. This constitutes an increase $18.70 per week or 0.50 cents per hour.

The Fair Work Act 2009 (the Act) requires the Fair Work Commission’s Expert Panel (Minimum Wage Panel) to conduct and complete a review of minimum wages in modern awards and the national minimum wage in each financial year.

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