Annual Wage Increase Announced by Fair Work Commission

Employer Resources Wages

 

The Fair Work Commission (FWC) has announced an increase to the National Minimum Wage and Modern Awards this morning (Monday 3 June) 2024, following the annual minimum wage review.

The minimum wage has been raised by 3.75% for minimum wage rates within Modern Awards, with the adjustment set to take effect from the first pay period starting on or after 1 July 2024.

The FWC considered three main factors in determining the increase in minimum wage rates:

  • relative living standards and the needs of the low-paid; and
  • promoting social inclusion through increased workforce participation.

The summary of the decision can be found here Annual Wage Review 2023–2024 – Announcement of Decision

An employer has an obligation to their employees to meet the updated minimum entitlements as per the relevant award. The relevant Modern Awards that impact MPAQ members include:

  • Plumbing and Fire Sprinklers Award 2020
  • Clerks (Private Sector) Award 2020
  • Building and Construction General Onsite Award 2020
  • General Retail Industry Award 2020

Once the Commission publishes the determinations varying the allowances, MPAQ will distribute new wages and allowances schedules for the Clerks – Private Sector Award 2020 and the Plumbing and Fire Sprinklers Award 2020 (PFS Award).

The MPAQ HR team will be providing the updated wage sheets in the coming weeks and will have them available on the MPAQ website from 1 July 2024. 

Superannuation Guarantee Charge – Increase

Master Plumbers Members should be aware of and prepared for a Superannuation Guarantee Charge (SGC) increase from 11.0% to 11.5%. The SGC increase will take effect from 1 July 2024.

You'll need to use the new rate to calculate super on payments you make to employees on or after 1 July, even if some or all of the pay period is for work done before 1 July 2024.

Make sure you update your payroll and accounting systems so that you continue to pay the right amount of super for your employees.

In addition to the 1 July 2024 increase from 11.0% to 11.5% there is another proposed increase scheduled:

Proposed Date

Proposed Increase in SGC

1 July 2025       From 11.5% to 12.0%

The MPAQ HR team will be providing the updated wage sheets in the coming weeks and will have them available on the MPAQ website from 1 July 2024. 

If you are unsure if your employees are covered by a modern award or the national minimum wage, please contact the MPAQ Advisory team on 07 3273 0800 or email advice@mpaq.com.au.

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Penny Cornah
Penny Cornah Chief Executive Officer

Penny Cornah is the Executive Director of the Master Plumbers’ Association of Queensland (MPAQ). Penny has been employed with the Association for more than eighteen years. Penny is well known to MPAQ members and works closely with them and the Board on the raft of issues which currently face the industry. Penny identifies her role as heading the organisation that is the conduit between protecting community health and the environment. Penny is a strong leader in a male dominated industry and has earned respect throughout the plumbing fraternity. She has developed strong relationships within the Queensland Government ensuring the industry’s voice is heard at the highest levels. Penny was appointed as a Director to Master Plumbers Australia and New Zealand in 2012. Penny was appointed as a Director of QLeave in July 2016 and is also a Director of Construction Skills Queensland and the Chair of the Service Trades Council, roles that she is humbled to be given. The Service Trades Council is established under the Plumbing and Drainage Act 2002 to provide a voice for the service trades, and to protect the public's health and safety as well as the environment.

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