national minimum wage increase 2024
on monday, 3 June 2024, the fair work commission (FWC) delivered a substantial increase to australia’s minimum wages for award-free and award-covered employees. the increase of 3.75% will take effect from 1 July 2024. so, what does the recent national minimum wage increase mean for your business? If you’re looking for a quick-read version of these changes, this factsheet is for you.