Skip navigation

National minimum wage increase

The Fair Work Commission has announced a 3.75% increase to the National Minimum Wage from 1 July 2024.

The new minimum wage will now be $24.10 per hour, or $915.90 per week, and will apply from the first full pay period starting on or after 1 July 2024.

The national minimum wage is the lowest rate an employer can legally pay their employees in Australia.

Need help understanding wage inflation? We share some tips and considerations to help ease the impact of annual wage increases on your business.

For more information on the 2024 annual wage changes, please visit the Fair Work Ombudsman website.

Related Articles
I Stock 1355277961
19th Jul
Build a solid foundation for your family business
I Stock 1356386941
18th Jul
Unpacking the new ‘right to disconnect’: what it means for businesses
Newaccess
16th Jul
Ready to cut energy costs in your business?
Person using calculator and taking notes
16th Jul
2024 Tax Time toolkit for small businesses
Announcements and practical advice straight to your mailbox.
Name

Please enter a personal email address. Generic addresses beginning with ‘info@’ or ‘admin@’ may be blocked from our email distribution system.

All information is collected and used in accordance with the DSD Privacy Statement.