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KEEPING UP TO DATE

National Minimum Wage to Increase by 3.5 Percent from July 1

20 June 2018

AUSTRALIA’S lowest paid workers will receive a 3.5 per cent pay increase.

From July 1, the national minimum wage will increase by $24.30 per week to $719.20, or $18.93 an hour, the Fair Work Commission has ruled in its 2017-18 Annual Wage Review. The current national minimum wage is $18.29 per hour or $694.90 per 38-hour week.

The casual loading will remain at 25 per cent. An estimated 2.3 million workers are on the minimum wage, or about 22.7 per cent of all employees.

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The 3.5 percent increase is well above the 1.9 percent rate of inflation, meaning a real rise in wages of 1.6 percent for Australia’s lowest paid workers. Minimum Wages in Australia averaged 615.17 AUD/week from 2007 until 2018, reaching an all time high of 719.20 AUD/week in 2018 and a record low of 522.12 AUD/week in 2007.

Don’t get caught out on 1 July. Contact us to find out more and ensure you are paying your staff correctly.

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