01 Jun Annual Wage Review 2011 – 2012 Decision
Annual Wage Review
On Friday 1 june 2012 Fair Work Australia’s Mimimum Wage Panel handed down its Annual Wage Review decision under the Fair Work Act 2009.
DATE: 1 June 2012
SUBJECT: Annual Wage Review 2011 – 2012 Decision
We write to advise that on Friday, 1 June 2012 at 10.00am, Fair Work Australia’s Minimum Wage Panel handed down its Annual Wage Review decision under the Fair Work Act 2009.
The outcome of the review in relation to modern award minimum wages is that from the first full pay period on or after 1 July 2012 the minimum weekly wage of $589.30 increased by $17.10 per week or 45 cents per hour (on the basis of a 38 hour week). The national minimum wage therefore increases from $589.30 to $606.40 per week or $15.96 per hour.
The increase also applies to minimum wages for junior employees, employees to whom training arrangements apply and employees with a disability and to piece rates through the operation of the methods applying to the calculation of those wages.
Employers that currently have collective/enterprise agreements in force will need to check their wages against the transitional wages that will take effect. Support should be sought from CEA HR and Consulting.
Wage Schedules for the Modern Awards will be prepared and available on our website for members.
If you have any questions pertaining to this information or if you require further information please contact our office.
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