Annual Wage Review 2023

The Fair Work Commission has just announced its decision regarding the 2023 Annual Wage Review.
 
Effective from the first pay period starting on or after 1 July 2023, the National Minimum Wage will be increased to $882.80 per week or $23.23 per hour; and Award minimum rates will increase by 5.75%.
 
From or around 1 July 2023, the Fair Work Ombudsman will be updating their pay guides and also information on their P.A.C.T calculator. They will also release an updated Fair Work Information Statement on their website.
 
This is also a timely reminder that the Superannuation Guarantee will also increase to 11% on 1 July 2023.