The Expert Panel of the Fair Work Commission (FWC) has handed down its Annual Wage Review 2022-23 Decision. Key elements of the decision include the following:

• Award minimum wages will be increased by 5.75 per cent.
• The National Minimum Wage will be increased to $882.80 per week or $23.23 per hour.
• Junior, apprentice and trainee wage rates will be adjusted proportionately.
• Wage related allowances and expense related allowances will be increased in accordance with the usual formulas.
• The increases will be operative from the first full pay period on or after 1 July 2023.

Over the next few weeks, Ai Group will distribute a Compliance Advice in relation to individual modern awards setting out the new wage rates and allowances once they are determined by the FWC.