News 6 June 2018

3.5% minimum wage increase

On Friday 1 June, the Fair Work Commission (FWC) announced an increase of 3.5% to the National Minimum Wage, payable from the first full pay period on or after 1 July 2018.

This represents a $24.30-a-week pay rise, with the national minimum wage increasing to $719.20 a week.

This is significantly higher than the 1.9% wage increase sought by the Australian Chamber of Commerce and Industry and represents the ninth year in a row in which minimum wages have been increased by more than inflation.

However, the result is significantly lower than that sought by the Australian Council of Trade Unions which called for an increase of 7.2% or $50 per week.

The Australian Chamber’s response to the increase highlighted that Australia’s National Minimum Wage is now close to, if not, the highest in the world and that the increase puts jobs in small business at risk.

The Victorian Chamber is currently in the process of updating our wage information documents.Draft versionswill be uploaded to the relevant award subscription page on the website and members who subscribe to particular awards will be notified as soon as the information becomes available.

If you require any further information on this or any other workplace relations matter please contact the Workplace Relations Advice Line on (03) 8662 5222 for more information.

Read FWC’s full decision.

Media Contact

All media enquiries may be directed to the Media and Communications Manager

03 8662 5310

0423 883 945

For all other enquiries please contact the Victorian Chamber on 03 8662 5333

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