Business

Minimum wage increases to $18.29 an hour, cuts to Sunday penalty rates to still go ahead

Minimum wage increases to $18.29 an hour, cuts to Sunday penalty rates to still go ahead

MINIMUM wages are set to rise by $22.20 a week starting next month.

The Fair Work Commission this morning ruled the country’s lowest paid workers should have their wages increased 3.3 per cent to $18.29 an hour.

That is compared to price rises of 2.1 per cent for everyday goods and services for the year ending March, according to Australian Bureau of Statistics figures.

mimimum wages

The new minimum weekly wage is $694.90, the commission said.

In its ruling, the commission said that “modest and regular wage increases” didn’t have a significant impact in slowing growth in jobs.

The minimum wage increased by $15 per week last year, while the Australian Council of Trade Unions had been pushing for a weekly $45 rise this year.

It comes a day after the commission ruled cuts to Sunday penalty rates should be phased in over three to four years.

Sunday pay for retail workers will be lowered from 200 per cent to 195 per cent of their regular pay beginning next month.

That will fall to 150 per cent by July 2020.

Russell Zimmerman

But retailers have already expressed unhappiness at what they say is an “excessive” phase-in time, while unions have vowed a campaign against the Turnbull government.

“Penalty rates will allow retailers to extend staff working hours and increase employment across the board, therefore these sluggish arrangements will unnecessarily delay the creation of new retail jobs,” Australian Retailers Association boss Russell Zimmerman said.

Hospitality workers will have their Sunday penalties cut from 175 per cent to 170 per cent next month, falling to 150 per cent by July 2019.

ACTU secretary Sally McManus said the cuts were “simply cruel”.

Sally McManus

“We need a government that stands up for working people. Instead, we are being told lie after lie about how these pay cuts are going to boost the economy,” she said.

Employment Minister Michaelia Cash sought to head off a backlash about the changes, which are expected to affect about four per cent of the workforce.

“It is a direct consequence of the review process put in place by Bill Shorten as workplace relations minister in the previous Labor government in 2013,” Senator Cash said.

Online Source: www.news.com.au

Business

More in Business

Analysis reveals possible financial motivation for Adani’s Carmichael coal mine

Analysis reveals possible financial motivation for Adani’s Carmichael coal mine

The Indian TelegraphOctober 3, 2017
National Skills Week 2017: Vocational training is the first step for many creative careers

National Skills Week 2017: Vocational training is the first step for many creative careers

The Indian TelegraphAugust 26, 2017
Fears of Chinese exodus from Sydney property market

Fears of Chinese exodus from Sydney property market

The Indian TelegraphAugust 18, 2017
Young workers underpaid, working in unsafe conditions: Unions ACT report

Young workers underpaid, working in unsafe conditions: Unions ACT report

The Indian TelegraphAugust 14, 2017
Rick Otton and We Buy Houses engaged in misleading conduct with book ‘How to Buy a House for $1’

Rick Otton and We Buy Houses engaged in misleading conduct with book ‘How to Buy a House for $1’

The Indian TelegraphAugust 12, 2017
Australian dollar stung by RBA's interest rate comments

Australian dollar stung by RBA’s interest rate comments

The Indian TelegraphJuly 21, 2017
Pay drop for thousands of workers as Sunday penalty rate cuts kick in

Pay drop for thousands of workers as Sunday penalty rate cuts kick in

The Indian TelegraphJuly 3, 2017
Minister for Trade, Tourism and Investment - Australian Businesses Tap In To India

Minister for Trade, Tourism and Investment – Australian Businesses Tap In To India

The Indian TelegraphJune 19, 2017
India rejects Australian request to join naval war games

India rejects Australian request to join naval war games

The Indian TelegraphJune 1, 2017
India and Australia: Why the two countries such close business partners

India and Australia: Why the two countries such close business partners

The Indian TelegraphMay 29, 2017
Senate hearing descends into chaos: ‘You are a tyrant and dictator’

Senate hearing descends into chaos: ‘You are a tyrant and dictator’

The Indian TelegraphMay 25, 2017
Banks angry at having to sign confidentiality agreement on levy

Banks angry at having to sign confidentiality agreement on levy

The Indian TelegraphMay 22, 2017
Treasurer Scott Morrison insists major banks sign confidentiality agreements on the $6.2 billion levy

Treasurer Scott Morrison insists major banks sign confidentiality agreements on the $6.2 billion levy

The Indian TelegraphMay 17, 2017
Newspoll: Prime Minister Malcolm Turnbull’s budget gamble falls flat

Newspoll: Prime Minister Malcolm Turnbull’s budget gamble falls flat

The Indian TelegraphMay 15, 2017
Opal card fares to rise from 3 July

Opal card fares to rise from 3 July

The Indian TelegraphMay 15, 2017
Amazon to undercut local retailers by 15 per cent

Amazon to undercut local retailers by 15 per cent

The Indian TelegraphMay 11, 2017
Govt to standardise allowances across overseas public servant agencies

Govt to standardise allowances across overseas public servant agencies

The Indian TelegraphMay 11, 2017
Flight Fights: The rise and fall of the irate passenger

Flight Fights: The rise and fall of the irate passenger

The Indian TelegraphMay 8, 2017
Prime minister says IS fighter’s son can return to Australia

Prime minister says IS fighter’s son can return to Australia

The Indian TelegraphMay 8, 2017
Australian Federal Police admits to metadata breach involving a journalist

Australian Federal Police admits to metadata breach involving a journalist

The Indian TelegraphMay 1, 2017
Australia encouraged to focus on trade with China, India: report

Australia encouraged to focus on trade with China, India: report

The Indian TelegraphApril 27, 2017