Basic Wage Increase 2024. Therefore, the employee would only be entitled to the cola awarded for 2024. It's set by the fair work commission, the country's industrial relations tribunal.


Basic Wage Increase 2024

The fair work ombudsman is reminding employers that a 3.75 per cent minimum wage increase should be applied to eligible employees’ pay from the first full pay period starting on or after today, 1 july 2024. This rate should apply to workers of all ages, instead of the current lower.

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