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AmandaCL's avatar
AmandaCL
MYOB Moderator
2 months ago

Increase to Australia's Minimum Wages Announced by The Fair Work Commission

Good afternoon everyone!

 

The Fair Work Commission has announced that national minimum wage and awards will increase by 3.75%. This means we'll see national minimum wages increase by 89c to $24.10 an hour or $915.90 a week, based on a 38 hour work week. These changes will take place from the 1st of July 2024. 

 

To find more information about how this will apply to you and your business, please refer to this page. 

 

Cheers, Amanda. 

4 Replies

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  • mistyben's avatar
    mistyben
    Experienced User
    2 months ago

    I just found this on the ATO's Fair Work Ombudsman site

    From 1 July 2024, the National Minimum Wage will increase by 3.75%.

    The new National Minimum Wage will be $915.90 per week or $24.10 per hour.

    I realize it's only cents, but in this day and age every cent counts

    • AmandaCL's avatar
      AmandaCL
      MYOB Moderator
      2 months ago

      Hey mistyben

      Great pick up! I've updated my post to reflect the exact cents as well, thanks for letting me know! 

       

      Cheers, Amanda. 

  • 1rmkellie's avatar
    1rmkellie
    User
    30 days ago

    Hi, this is a new user question.....how do I increase pay rates mid pay cycle?

    • AmandaCL's avatar
      AmandaCL
      MYOB Moderator
      30 days ago

      Hey 1rmkellie

      Welcome to our Community Forum! This help page will have more information and instructions on how to increase pay rates mid cycle!

      You'll want to scroll to the bottom and click on the first FAQ listed.

       

      Cheers, Amanda.