Earlier today, the Fair Work Commission’s expert wage panel increased the National Minimum Wage and all rates in Modern Awards by 3.75%, commencing the first full pay period on or after 1 July 2024.  This increase in minimum wages will coincide with the legislated rise in minimum superannuation contributions, increasing to 11.5%, on 1 July 2024.

From Friday 1 July 2022, there will be a number of changes set to impact all Australian businesses.

These changes include increases to minimum wages, compulsory superannuation and penalty units in NSW.   

The changes come as a timely reminder for businesses to review their contracts and industrial instruments. 

It is also a good time for businesses to ensure that they are meeting their minimum obligations, and to confirm who will bear the increase to superannuation.

There have been a number of recent developments within the workplace relations arena, specifically:

• National Minimum Wage Decision
• Increase to Civil Penalties under the Fair Work Act 2009 (Cth)
• Amendments to the Work Health and Safety Act 2011 (NSW) increasing penalties and prohibiting indemnification of such penalties
• Changes to powers of WHSQ Inspectors under the Work Health and Safety Act 2011 (QLD)