NAT 008/19: Annual Wage Review 2018-19 Decision:
The Expert Panel of the Fair Work Commission has handed down its Annual Wage Review 2018-19 Decision which is operative from 1 July 2019. Key elements of the decision include:
• Award wage rates for full-time adult employees will be increased by 3.0 per cent;
• The National Minimum Wage will be increased to $740.80 per week or $19.49 per hour;
• Junior, apprentice and trainee wage rates will be adjusted proportionately; and
• Wage related allowances and expense related allowances will be increased in accordance with the usual formulas.
Over the next few weeks Ai Group will distribute an Member Advice on individual modern awards setting out the new wage rates and allowances once these are determined by the Fair Work Commission. The Superannuation Guarantee legislation provides for the existing 9.5 per cent superannuation contribution rate to remain until 30 June 2021, and then to increase by 0.5 per cent from 1 July 2021.