The Fair Work Commission has announced a 5.75% increase to minimum wages. The new national minimum wage will be $882.80 per week or $23.23 per hour. The increase applies from the first full pay period starting on or after 1 July 2023.

The current entitlement to 18 weeks’ paid parental leave pay will be combined with the current Dad and Partner Pay entitlement to 2 weeks’ pay.

The super guarantee rate will increase from 10.5% to 11%

Direct care and some senior food services employees in the aged care sector received a 15% wage increase from 30 June 2023.

To calculate the new award pay rates, the Fairwork pay calculator can be found here.

To calculate the new super guarantee contribution, the Australian Taxation Office calculate can be found here.

This information and image was provided courtesy of Fair Work Ombudsman Page and Insider Guides Page and was slightly edited prior to publication.

More information can be found here.