The Fair Work Commission Minimum Wage Panel has handed down their decision to deliver a 3.5% increase to the Federal Minimum Wage and the Modern Awards.
All modern award base rates will increase by 3.5% from the first full pay period on or after 1 July 2018. Weekly wages will be rounded to the nearest 10 cents.
The national minimum wage will be $719.20 per week or $18.93 per hour. This constitutes an increase of $24.30 per week to the weekly rate or 64 cents per hour to the hourly rate.
Updated pay rate sheets will be emailed out to all Federal Members and uploaded onto the CMSolutions website as soon as they are completed.
If you are a member of the Award Service an updated copy of your subscribed Award will be emailed out to you as soon as they are made available.
Please do not hesitate to contact CMSolutions on 1300 007 110 should you require any further information or would like assistance in applying the increase.