The Fair Work Australia Minimum Wage Review 2021 has revealed a 2.5% increase to the national minimum wage starting 1 July 2021. The decision was based on a foundation that the country’s economic performance has ‘exceeded expectations’ and that recovery was well underway.
The minimum wage will increase from $19.84 to $20.33 or $772.60 per week and pertains to all employees covered by an award. It will be rolled out in separate 3 stages.
Stage 1 – 1 July 2021, will cover most awards except for those listed below.
Stage 2 – 1 September 2021, the Retail award will increase.
Stage 3 – 1 November 2021, the awards listed below are deemed to be the industries most negatively impacted by COVID-19 pandemic.
- Pilots Award
- Cabin Crew Award
- Airline Ground Staff Award
- Airport Award
- Alpine Resorts Award
- Amusement Award
- Dry Cleaning and Laundry Award
- Fitness Award
- Hair and Beauty Award
- Hospitality Award
- Live Performance Award
- Models Award
- Marine Tourism and Charter Vessels Award
- Nursery Award
- Racing Clubs Events Award
- Racing Ground Maintenance Award
- Registered Clubs Award
- Restaurant Award
- Sporting Organisations Award
- Travelling Shows Award
- Wine Award
The Fair Work Commission website details all the information for each award together with calculators and details on what employers need to do.
If you are an employer, you will need to review your award/s and make sure your employee details are up to date. Talk to your accounting software provider and make sure they will apply the changes by the correct dates.
If you have any questions about the Fair Work Australia Minimum Wage Review 2021 or are unsure about what you need to do, please contact your Arabon accountant or call us on 1300 ARABON.