The Fair Work Commission has released the ninth annual minimum wage review decision under the Fair Work Act, 2009 on 1 June 2018.

This decision increases the modern award wage rates by 3.5% and the national minimum wage from $694.90 per week to $719.20 per week, or $18.93 per hour, based on a 38 hour working week. This constitutes an increase of $24.30 per week to the weekly rate or 64 cents per hour to the hourly rate.

Last year’s increase was 3.3%.  The increased rates will take effect from the first full pay period starting on or after 1 July 2018.

All Members should ensure they meet the new minimum obligations from 1 July 2018. Please remember, the increase is fully absorbable into over award payments.

Thanks to our Industrial Relations experts TTIA we will be sending out a full list of the new rates under the Timber Industry Award before the end of the month.