The Minimum Wage Panel of the Fair Work Commission has handed down its decision on award and minimum wage rates from 1 July 2013.
Modern award minimum wages have been increased by 2.6%. Weekly wages will be rounded to the nearest 10 cents.
The national minimum wage will increase to $622.20 per week or $16.37 per hour. The hourly rate is calculated on the basis of a 38 hour week for a full time employee. This constitutes an increase of $15.80 per week or 41 cents per hour.
Reference: Annual Wage Review 2012-2013  FWCFB 4000 (3 June 2013).