Next week will be the first in which the entire 2.3million Australians on the minimum wage will see their pay packets increase as the hike flows through to the remaining industries.
As we approach 1 July 2022, a number of the key financial thresholds relating to employees will increase. We have prepared a handy key thresholds table for the 2022/2023 financial year .
Award minimum wages will rise by 4.6 percent, subject to a minimum rise of AU$40 per week for full time employees. Most awards will increase from 1 July 2022, where the Fair Work Commission has deemed there to be exceptional circumstances, will increase from 1 October 2022.