6th June 2024

The Fair Work Commission has announced a 3.75% increase to the Minimum Wage and Award Wages.

This increase will apply from the first full pay period starting on or after 1 July 2024. This means if your weekly pay period starts on Wednesday, the new rates will apply from Wednesday 3 July 2024.

The National Retail Association (NRA) has expressed disappointment, saying it will intensify pressure on struggling businesses, particularly small businesses, given the current growth rate in retail turnover sits at 1.98 per cent.

This change takes effect on 1st July, 2024, along with the scheduled increase by 0.5% to the Compulsory Superannuation Guarantee.

AMA members now have full member benefits with the National Retail Association, including the 1800 RETAIL (738 245) hotline and member resources including up-to-date wage summaries.

Read more: Fair Work Commission announcement | National Retail Association response | National Retail Association membership for AMA members