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The Minimum Wage Is Increasing – Here’s How It Affects You

The changes come into effect from July 1.

The national minimum wage is increasing by 3.75 per cent following the Fair Work Commission’s (FWC) Annual Wage Review. The increase means the weekly minimum wage increases to $913.91 per week, or $24.10 per hour based on a 38-hour work week.

Award rates will also increase by 3.75 per cent. The FWC estimates that the changes will affect about a quarter of the Australian workforce and cited living standards, higher living costs and workforce participation as factors in determining the increase. The 3.75 per cent rise is also consistent with the forecast of inflation easing below 3 per cent next year.

The increase equates to about 87 cents per hour, $33 per week and around $132 per month extra for minimum wage earners. The wage increases will operate from July 1 and will come into effect for an employee’s full pay period on or after July 1.

If you’re unsure which award applies to you, use the find my award tool provided by the Fair Work Ombudsman. Businesses that are uncertain of the rates they should be paying staff can take a look at the pay and conditions tool here.

Photography: Pablo Diaz

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