NEW NATIONAL MINIMUM WAGE KICKS IN FROM TOMORROW

Written on the 30 June 2016

NEW NATIONAL MINIMUM WAGE KICKS IN FROM TOMORROW

AUSTRALIA'S new minimum wage comes into effect tomorrow.

The hourly rate for adult workers will increase from $17.29 to $17.70 starting from the first pay period on or after July 1.

Fair Work Ombudsman Natalie James says the agency's online pay tools can assist employers to calculate their new wage rates to ensure they meet workplace obligations.

She says underpayment of wages detected by Fair Work inspectors are often traced back to employers failing to update annual wage rises.

"If left unchecked for a long period, businesses can ultimately end up with a hefty back-payment bill they were not budgeting for," James says.

"Our focus at the Fair Work Ombudsman is on educating employers about their obligations and assisting them to put processes in place to ensure they are compliant."

The Fair Work Commission's Annual Wage Review decision also impacts base rates of pay in modern awards and enterprise agreements. The 2.4 per cent increase was announced last month.

James says employers should undertake their own checks of award provisions and periodically self-audit their compliance to avoid unexpected costs down the track.

Employers and employees can refer to the Fair Work Ombudsman's Pay and Conditions Tool, which has been updated with the rate increase to determine new pay rates and check their entitlements.

 


Latest News

WOOLWORTHS CLAIMS LEGAL VICTORY IN STOUSH WITH LOWE'S

SUPERMARKET giant Woolworths (ASX: WOW) has been given the go-ahead to sell its Masters property assets after winn...

DOMINO'S PIZZA EMPLOYEES OFFERED A SLICE OF THE PIE

DOMINO'S Pizza (ASX: DMP) has launched an employee share acquisition plan which will give its 26,000 staff the...

PRICELINE STORE ROLLOUT BOOSTS API'S FULL YEAR PROFIT FORECAST

Australian Pharmaceutical Industries (ASX: API) has booked a rise in half year net profit of $29.1 million on the bac...

CITY DWELLERS SETTING EYES ON REDCLIFFE AS PROPERTY SEACHANGE BECKONS

IT MAY be cool by the sea at Redcliffe, however strong sales at Kyko Group's Mon Komo development prove that t...

Related News

FURNITURE DISRUPTOR SET TO SHARE HIS ONE OF A KIND BUSINESS MODEL

IT'S no secret that Australians love homemaking. Their ceaseless quest to create the perfect place to call hom...

WEEDING OUT THE ASX'S BURGEONING CANNABIS TREND: 8 COMPANIES TO WATCH

A NICHE is budding on the ASX in the form of medical cannabis, an industry which has been on the country's rad...

FRESH CLASS ACTION TO REVEAL ANOTHER SIDE OF SLATER AND GORDON DOWNFALL

ACA LAWYERS has issued a formal letter of demand to Andrew Grech (pictured), managing director of Slater and Gordo...

STARSHIPS WERE MEANT TO DELIVER DOMINO'S PIZZA

NICKI Minaj may have been off the mark when she declared 'starships were meant to fly'. However, she m...

EVENTS COMING UP

 

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter