Fair Work Commission – Annual Wage Review& Superannuation Guarantee (SG) Rate Increase as of 1st July 2024

The Fair Work Commission has announced that the National Minimum Wage will have an increase by 3.75% on the minimum award wages. This increase applies to the minimum award wages paid on or after 1 July 2024. In addition to this, the SG rate also increases from 11% to 11.5% from 1 July 2024