Following the Fair Work Commission’s 2021-2022 Annual Wage Review, it has been declared that the National Minimum Wage will increase by $40 per week, which amounts to an increase of 5.2%.
The new National Minimum Wage will be $812.60 per week or $21.38 per hour, which will apply from the first full pay period on or after 1 July 2022. This means if you have a weekly pay period that starts on Mondays, the new rates will apply from Monday 4 July 2022.
Workers on award rates will receive a 4.6% increase, subject to a minimum $40 weekly increase for workers on award rates below $869.60 per week. This represents a slight cut in real wages, particularly if inflation continues to rise as some have predicted.
The decision will affect at least to 2.7 million workers on the national minimum or award minimum wages.
