Fair Work Commission Announces 5.75% Increase To Minimum Wage – 1 July 2023
The Fair Work Commission has handed down its decision on the minimum wage award, lifting it by 5.75% from 1 July 2023. The National Minimum Wages will be increased to $882.80 per week ($23.23 per hour) from the first full pay period starting on or after 1 July 2023. (Full decision here)
What do you need to do?
- Review staff currently on minimum wages
- Subscribe to the FWC email updates here – they will let you know when the new minimum rates are available
- Double check you are paying your staff under the correct award using the Find My Award tool here. If you’re covered by a registered agreement, the changes may still apply.
- Update your payroll system accordingly.
Stay compliant! If you need assistance with your bookkeeping or payroll, contact us today.