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National Minumum Wage

July 1 2017 - Australia's revised national minimum wage (NMW) was implemented on July 1 2017.

The national minimum wage is reviewed each financial year by an Expert Panel of the Fair Work Commission under the terms of the Fair Work Act 2009. Whereas most employees are covered by enterprise agreements or modern awards, the NMW revision directly affects over 2.3 million Australian employees who are reliant on minimum rates of pay. As part of the conclusions of the 2016/2017 review, the Panel decided that:

"We have determined that it is appropriate to increase the NMW and the factors identified in our decision have led us to award an increase of 3.3 per cent. The national minimum wage will be $694.90 per week, or $18.29 per hour. The hourly rate has been calculated by dividing the weekly rate by 38, on the basis of the 38-hour week for a full-time employee. This constitutes an increase of $22.20 per week to the weekly rate or 59 cents per hour to the hourly rate.

"Having regard to the proposed NMW and the other relevant considerations, we also consider that it is appropriate to adjust modern award minimum wages. We have also decided to increase modern award minimum wages by 3.3 per cent. Weekly wages will be rounded to the nearest 10 cents."




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