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Fair Work Commission raises minimum wage

02 June 2023 | By Victorian Chamber of Commerce & Industry

The Fair Work Commission has increased award and minimum rates of pay
by 5.75 per cent effective from 1 July 2023.

The National Minimum Wage increase will see wages lift to $23.23 per hour or $882.80 per week.

This year’s Annual Wage Review impacts more than 120 modern awards and about one quarter of all Australian employees.

The Fair Work Commission (FWC) announced the National Minimum Wage (NMW), based on C14 classification, “was too low and no longer constituted a proper minimum wage safety net” and will now be based on the slightly higher C13, effectively increasing the NMW by 8.6 per cent.

The FWC framed the minimum wage as being 5.75 per cent higher because that is the increase for the C13 classification that the minimum wage will now be aligned with.

By cutting red tape we’re making it easier for businesses to get off the ground, and then to grow and employ more people. We’re digitising the everyday services that Victorians rely on and that saves time and money. Assistant Treasurer Danny Pearson 

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