Every July, the Fair Work Commission reviews the existing minimum wage for the Australian residents. If you an Australian resident, then check out the post because it has all the latest information about the Australia Minimum Wage Increase 2024. You will get to know at what age you are eligible for getting how much minimum wage and what are the special rights. From the 1st of July 2024, you are entitled to get around 3.75% increase in the minimum wages set the Fair Work Commission. The minimum wage is the award price which you have every right to and if the employer is not providing you the fair minimum wage, then they are committing crime and have to pay a fair price for that.
Australia Minimum Wage Increase 2024
The minimum wage Australia yearly is updated every year on the basis of rise in cost of living and inflation. Whether you are permanent resident or a temporary one, you are subject to receive the minimum wage. The concept of providing minimum wage was introduced so that the exploitation of international students and temporary resident can be prevented on the hands of permanent Australian citizens. As the cost of living increase and inflation gets higher, making ends meet on the previous wage levels becomes difficult. Therefore, the ‘Fair Work Commission” implements annual increase in the wages. And the expected inflation rates determine the increase in wages. As per the Australian Bureau of Statistics reports, the inflation is predicted to 3.20% for financial year 2024-25. And the minimum wage increase will be 3.75%, commensurate with predicted inflation rates.
You must be considering the minimum wage increase a universal phenomenon but it is not. It means that all the individuals who opt to work get paid the same minimum wage just because is pre-fixed the commission. The ate and type of work will eventually determine the amount you will be getting in minimum wage. Suppose you are a 16-year-old, then your minimum wage will not be same as a 20-year-old getting. The minimum wage awards outline the how much you will be getting per hour. It basically depends on the industry and your entitlements. You can calculate the awards available for you.
Australia Minimum Wage Increase 2024 Overview
| Title | Australia Minimum Wage Increase 2024 |
| Concerned Department | Fair Work Commission |
| Country Origin | Australia |
| Category | Minimum Wage Increase |
| Increased Minimum Wage Implemented | From 1st of July 2024 |
| Official Website | www.fairwork.gov.au |
What is per Hour Australia Minimum Wage Increase in 2024?
The minimum wage increase for the Aussies implemented from the 1st of July 2024. And they will continue to getting the same minimum wage till June 2025. There will be other increase till July next year.
The Minimum Wage Australia was $882.80 per week for the whole of financial year 2023 (since July 2023 to June 2024). Now from July 2024 to June 2025, the wage will be $915.90 per week.
On an average the individuals will have $24.10 per hour which was $23.23 earlier.
The latest increase in the wages was $.87 per hour while the you can earn $915.90 for working 38 hours a week.
What is the Minimum Wage Australia Part-Time for 16-year-Old?
The $24.10 will be given to those who have reached the age of 20 and been working with the same employer for more than six months. While you have reached the age of 20 and working with the employer with less than 6 months, you are entitled to receive $21.69 per hour applicable in general retail industry.
For a 16-year-old, the minimum wage in retail industry would be $12.05 per hour means 50% of what an adult gets. While you are under 16, you may have 45% of what an adult gets.
In case of 17 year olds, the minimum wage is 60% of what an adult gets and 70% for the 18 year olds and 80% for the 19 year olds.
This breakage applies in the general retail industry. Some of the industries offer same wage to different wage group employees. For checking out how much you can receive, you can visit the official website of “Fair Work Ombudsman” and use its pay calculator for measuring industry specific wages.
Work Rights and Protections for employees
In all the Australian states, the minimum remains same for the year and the state strictly adhere to the central government issued guidelines. Therefore, the minimum wage for you in 2024, would be around $24.10 in all the states and Australian territories.
If you are an international student and apart from studying, you are also working, you are subject to get the awards on the basis of the risk factors of the particular industry and your age as well.
If you have reached the full age of employment, then you are entitled to get 100% of the wage amount per hour. And there will be other adjustments in case you are working overtime.
Suppose you work more than 38 hours a week, you have legal right to receive extra per hour wages apart from $915.90 per week. If the employer refuse to pay you for the extra working hours, you can file a complaint because they are legally bound to pay fair wages commiserate with national standards.
If you are not getting the promised Minimum Wage Australia Per Hour, please reach out to the “fair work commission”. Also note if you are working more than 38 hours week, ask for extra per hour wages. But also keep in mind that the industry type plays a major role in deciding the wages.
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Christi has a unique blend of financial sense and industry knowledge. With a background in international finance and years of experience in delivering economic News around the Globe. Her clear and engaging writing style makes complex financial concepts accessible and informative for our readers.