NEW MINIMUM WAGE ANNOUNCED – YEARLY WAGE BILL UP BY AT LEAST $2.2 BILLION. The Fair Work Commission delivered its annual wage review today. This decision will have a significant impact on all businesses and industries and over 2.2 million employees who are paid at the National Minimum Wage or minimum Modern Award rates. From the first full pay period commencing on or after 1 July 2019: All Modern Award rates will increase by 3 per cent (with weekly wages rounded to the nearest $0.10) The National Minimum Wage will increase by 3 per cent to $19.49 per hour (and an extra $21.60 per week for a full-time employee), an increase of $0.56 per hour for the hourly rate, and $740.80 per week The Commission’s decision only confirms the basic increase in minimum rates while confirmation of the specific rates (including new allowance rates) for each individual Award have not yet ...

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