Annual Wage Review 2024

The National Minimum Wage and all minimum award wages will increase from the first full pay period starting on or after 1 July 2024.

This year, the Fair Work Commission decided that:
•    the National Minimum Wage will increase by 3.75% to $915.90 per week or $24.10 per hour
•    minimum award wages will increase by 3.75%.

 
From 1 July the Fair Work Information Statement will be updated with the new rates. To make sure you’re giving the most up to date version to new employees, remember to always download the Statement direct from their website.
 
Latest Closing Loopholes changes

As part of the new ‘Closing Loopholes’ laws, there are upcoming changes that take effect on 1 July and 26 August. These could impact your business, so make sure you’re prepared for the changes.

They include:
•    changes to casual employment
•    the right to disconnect for eligible employees (this doesn’t apply to small businesses until 26 August 2025)
•    new minimum standards and protections for ‘employee-like workers’ in the gig economy and certain industries
•    additional workplace delegates rights
•    enterprise bargaining and agreement changes.

For a visual snapshot of all the Closing Loopholes changes, including when they start, check out our easy-to-read timeline. For a handy summary of the changes to enterprise bargaining and agreements, check out our Timeline of changes. 

We’ll continue providing you with the latest updates for these changes. 

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