Annual Wage Review 2023-2024 Decision

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Posted June 17, 2024

On 3 June 2024, the Expert Panel of the Fair Work Commission (FWC) handed down its Annual Wage Review 2023-2024 Decision.

The FWC decided that award minimum wages and the National Minimum Wage will be increased by 3.75%.

When will employers receive updated wage rates from HABA?

HABA will distribute an updated wages table that sets out the new wage rates and allowances to members after the FWC has published the final determinations amending the award rates.

Does the wage increase apply to juniors, trainees and apprentices?

Juniors, apprentices and trainees are generally covered under the award and therefore the rates of pay will increase at the same time as the adult rates.

What about award/agreement free employees?

Most employees in the hair and beauty industry are covered by the award. A National Minimum Wage Order applies to adult employees who are not covered by an award or enterprise agreement. The National Minimum Wage Order includes:

• A National Minimum Wage of $915.90 per week or $24.10 per hour.
• A casual loading of 25%.

Adult employees who are award / agreement free must not be paid less than the National Minimum Wage.

What about non-national system employers in Western Australia?

At the time of writing, the Western Australian Industrial Relations Commission (WAIRC) has not yet handed down a state wage decision for employers that are not national system employers under the Fair Work Act 2009.

HABA will keep members informed of any decision of the WAIRC to increase the State Minimum Wage once this is known.

Is there any change to the Superannuation Guarantee?

The Superannuation Guarantee will increase to 11.5% effective from 1 July 2024.

Advice or assistance

Our advisers are ready to answer your questions. For advice on this topic, or any other workplace relations matter, please call the HABA Advice Line on 02 9221 9911.