Minimum wage to rise

Minimum wage to rise

The Fair Work Commission has announced they will increase the national minimum wage by 3.5 per cent from 1 July 2018.

The current national minimum hourly wage of $18.29 will rise to $18.93 per hour once the change comes into effect.

Modern award minimum wage rates are also set to rise by 3.5 per cent. However, the casual loading rate will remain unchanged at 25 per cent.

According to the Commission, the national rate of full-time employment has risen by 3.1 per cent (higher than the 1 per cent growth over 2017).

Currently, more than two million Australians workers are on a minimum wage income.


If you believe the matters discussed above are relevant to your business, please contact Darren Smith of our office to discuss further.

Darren is a Chartered Accountant with extensive experience, including working in the big 4 and medium sized firms before becoming a partner of a city based firm in 2000.

He has gained much experience and has extensive knowledge in providing business and taxation advice, superannuation planning, negotiation of sales and acquisitions of businesses and property development. His client base covers a wide range of industry groups.

Darren works with business owners to grow their businesses and create personal wealth within and outside of their business.

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