ANNUAL WAGE REVIEW DECISION 2014
The Fair Work Commission yesterday handed down its 2014 Annual Wage Review Decision, which can be summarised as follows:
- All Modern Award rates of pay are to be increased by 3%, effective from the first full pay period commencing on or after Tuesday 1 July 2014.
- This wage increase can be absorbed into any existing over award payments (check the absorption clause in your Modern Awards - usually this is in clause 2.2 or there about).
- Award free casual employees - the default casual loading will increase from 24% to 25%, effective from the first full pay period commencing on or after Tuesday 1 July 2014.
Fair Work Central will advise all Members when updated Awards are available from your Members Area containing the new minimum wage rates.
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