The Fair Work Commission’s Minimum Wage Expert Panel handed down its Annual Wage Decision for 2014 on 5 June 2014. The minimum wage rates will increase by 3% which will add $18.70 per week. This decision takes effect from the first full pay period on or after 1 July 2014.
Decision summary
Decision summary
- The 3% increase raises the National Minimum Wage (NMW) to $640.90 per week, an increase of $18.70 per week up from last year’s NMW, bringing the hourly rate to $16.87 (which amounts to an increase of 50 cents);
- Modern Award rates increased by 3% for all classifications; and
- Employees living with a disability, operating under training arrangements, and juniors also have their NMW increased by 3%.
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