BREAKING: The Fair Work Commission has announced it will lift the national minimum wage by 5.2 per cent, a rise of $40 per week. Australia's minimum wage will rise to $21.38 an hour, or $812.60 a week, from 1 July. 9News FULL DETAILS:
Since 2021, Australia's minimum wage had been $20.33 an hour or $772.60 a week, but advocate groups have called for it to raise to meet the demands of soaring inflation.Investors hoping for Australian sharemarket rebound after horror day
The federal government had called for a 5.1 per cent wage rise, in line with inflation, but business groups warned against such a rise. "We accept that the approach we have adopted will result, albeit minor, compression in relativities," he said.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Australia news live updates: decision due on lifting minimum wage; Albanese takes cabinet to QueenslandFollow updates live
Read more »
Federal politicians awarded 2.75 per cent pay riseThe remuneration tribunal has awarded Prime Minister Anthony Albanese, Opposition Leader Peter Dutton and all MPs the largest pay rise in almost a decade
Read more »
Federal politicians awarded 2.75 per cent pay riseThe remuneration tribunal has awarded members of parliament a 2.75 per cent pay rise, the day before a decision is due on the minimum wage. auspol
Read more »
Federal politicians get a pay rise as workers await minimum wage decisionMembers of Parliament are getting a pay rise, after a decision made by the independent Renumeration Tribunal.
Read more »
Reserve Bank governor predicts 7 per cent inflation by year's end, warns of further rate hikesReserve Bank of Australia governor Philip Lowe has justified the decision to raise the cash rate by 50 basis points last week in the face of rising inflation.
Read more »
Live: Fair Work Commission to announce minimum wage decisionThe Fair Work Commission will announce its minimum wage decision today following the federal government making a formal submission recommending an increase earlier this month. Follow live.
Read more »