As part of its annual wage review decision for the upcoming 2024/2025 financial year, the Fair Work Commission (FWC) has made the decision to increase the National Minimum Wage (NMW) by 3.75% and minimum rates of pay in modern awards by 3.75%.
The increase to the NMW and the minimum rates in modern awards that apply to architecture practices – including the Architects Award 2020 – will apply from the first full pay period commencing on or after 1st July 2024.
The updated wage guides are available on the Institute's HR Hub.
The Workplace Gender Equality Amendment (Closing the Gender Pay Gap) Bill 2023 seeks to accelerate employer action to close the gender pay gap. The Amendment will come into effect 1 April 2024.
View the Institute’s summary update here and learn more at the Workplace Gender Equality Agency website.
There are several elements which may combine to provide an increase to an employee's remuneration. Each year, Fair Work Australia's Annual Wage Review makes a determination as to the increase to the Federal Minimum Wage and also to minimum wages in Modern Awards. Any increase determined by FWA will become effective as of the first full pay period on or after 1st of July each year, and must be passed onto those award paid employees. This increase may also affect any employers who have enterprise agreements, which have terms providing for increases progressively over the life of the agreement which are not necessarily linked to the annual wage review process. Transitional provisions contained in an award that relate to minimum wage obligations or penalties and loadings may also contribute to the increase of an employee's wage. It is prudent that employers pay attention to these provisions when calculating the absolute minimum entitlements for award covered employees.