Annual Wage Review
The Annual Wage Review is an evaluation conducted by the Fair Work Commission to decide any changes to the national minimum wage and award pay rates. These changes typically start from the first full pay period after the 1st of July each year.
Each year, the Fair Work Commission undertakes the Annual Wage Review to assess and potentially revise the national minimum wage along with pay rates outlined in various awards. This process is important for ensuring that wages reflect current economic conditions and living costs. Any changes made during this review are implemented from the first complete pay cycle starting on or after July 1st. This yearly adjustment helps maintain fair and up-to-date wage standards across different industries and job categories.
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