Annual wage review for Modern Awards
Fair Work Australia (FWA) has handed down its 2014 Annual Wage Review Decision. GAVIN MOREIRA, Member Services Manager, CMPA reports on the changes to wage rates and allowances.
The 2014/15 financial year is well under way; please ensure your employee wages and allowances have been updated. Don’t forget about increasing your compulsory superannuation guarantee rate to 9.50%.
Fair Work Australia’s 2014 annual wage review, which took effect from the first full pay period on or after the 1 July, 2014 has delivered an increase to the Modern Award weekly rate of 3%.
Most Modern Award allowances have also increased either as part of the minimum wage increase or based upon the relevant consumer price index (CPI) sub-category. the wage rates as published reflect the increase to the Modern Award wage rates.
Please see the table (to the right) for new minimum wage rates and allowances payable under the Quarrying Award 2010 and a comparison with last year’s rates.
A full-time employee must be paid a minimum weekly rate for their classification as set out in the table below:
The following allowances need to be adjusted to take into account the new weekly rates.
- Industry allowance $23.54 per week
- Leading hand/in charge of:
- First aid – $13.76 of standard rate per week
- Use of own vehicle – $0.78 per kilometer
- Meal expense – $13.16
- Meal allowance for overtime – $13.16
To obtain a copy of the Quarry Award please visit the Fair Work Australia website www.fwa.gov.au and download a pdf copy.
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