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STOP PRESS: 2016 Annual Wage review increase announced

2 June 2016

The Minimum Wage Panel of the Fair Work Commission (FWC) has announced its annual wage review for 2016 on 1 June 2016.

The FWC decided a 2.4% increase will come into effect from the first full pay period on or after 1 July 2016.

The increase will mean the following;

  • The weekly rates of pay in the modern awards will increase by 2.4%, rounded to the nearest 10 cents, with commensurate increases in hourly rates on the basis of a 38 hour week.
  • The casual loading in modern awards will remain at 25%.
  • The National Minimum weekly Wage for award/agreement free employees will increase from $656.90 per week, or $17.29 per hour to $672.70 per week, or $17.70 per hour.
  • The casual loading for award/agreement free employees will remain at 25%, and

Today’s FWC increase will be applied to minimum wages for junior employees, to employees to whom National Training wages apply, to employees with disability, and to piece rates through the operation of the methods applying to the calculation of those wages.

The superannuation guarantee has not increased. It will remain at 9.5%.

What happens now?

All employers should check current employee rates of pay and conditions to ensure they are not below minimum wage obligations.

The Osteopathy Australia HR Hotline will undertake to update all relevant modern award wage guides to reflect the FWC increase which will be available online from 1 July 2016.

For more information or assistance, please contact the Osteopathy Australia HR Hotline on

 1300 143 602  or  hrhotline@osteopathy.org.au 

 


Wentworth Advantage

Disclaimer: The material contained in this publication is general comment and is not intended as advice on any particular matter. No reader should act or fail to act on the basis of any material contained herein. The material contained in this publication should not be relied on as a substitute for legal or professional advice on any particular matter. Wentworth Advantage Pty Ltd, expressly disclaim all and any liability to any persons whatsoever in respect of anything done or omitted to be done by any such person in reliance whether in whole or in part upon any of the contents of this publication. Without limiting the generality of this disclaimer, no author or editor shall have any responsibility for any other author or editor. For further information please contact Wentworth Advantage Pty Ltd.

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