03/06/2024
🇦🇺 PSA: Minimum wage to increase by 3.75% from 1 July 2024
What does it mean?
For award-free employees this means the new minimum wage will be $915.90 per week (based on a 38 hour week) or $24.10 per hour.
Casuals are entitled to a 25% loading on the hourly rate.
Young award-free employees (those 20 years and under) receive a % of this rate, depending on their age.
For award-covered employees the new minimum wages will be set out in the awards themselves, and the Fair Work Commission will publish “draft determinations” of the new award rates shortly.
Look out for a factsheet by Employment Hero coming out tomorrow!