Fair Work Commission Wage Increase 2024 Schedule

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Fair Work Commission Wage Increase 2024 Schedule. The changes will take effect from the first full pay. Effective 1 july 2024, the fair work commission has approved a 3.75 per cent increase in the national minimum wage and all modern award minimum wage rates.


Fair Work Commission Wage Increase 2024 Schedule

An expert panel of the fair work commission reviews and sets minimum wages for employees in the national system each year. In april 2024, the department issued a final rule increasing the standard salary level for exemption, and the total annual compensation requirement for highly compensated employees, as detailed below.

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