What are the changes to minimum wages?
The most important information relating to the changes are the “What” and the “When”.
The increase details
Employees covered by an award wage may be affected by the increase.
The increases mentioned are based on a 38-hour week for a full time employee.
Award wages above $869.60 per week will receive an increase of 4.6%
Award wages below $869.60 per week will receive an increase of $40 (bringing the award up to the new national minimum wage).
A full-time employee working under an award (being paid the award wage) has a weekly wage before the 1st July 2022 of $772.60
Their weekly minimum wage from the 1st July 2022 will increase by $40 due to the earnings being below $869.60.
A full-time employee working under an award (being paid the award wage) has a weekly wage before the 1st July 2022 of $889.40.
Their weekly minimum wage from the 1st July 2022 will increase by 4.6% due to the earnings being above $869.60.
The increase rollout
Most awards will have the increase applied from the first pay period on or after 1 July 2022.
There are several awards that will have the increases apply from 1 October 2022. These relate to the aviation, hospitality and tourism industries.
Aircraft Cabin Crew Award
Airline Operations – Ground Staff Award
Air Pilots Award
Airport Employees Award
Airservices Australia Enterprise Award 2016
Hospitality Industry (General) Award
Registered and Licensed Clubs Award
Restaurant Industry Award
Marine Tourism and Charter Vessels Award
Alpine Resorts Award
What are the changes to superannuation?
From the 1 July 2022 the changes to superannuation will include:
The aim of the increase is to provide better retirement outcomes for Australians upon retirement and to reduce future strain on the age pension systems.
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