Minimum Wage Increase a Proud Union Win
The Fair Work Commission has announced a 5.2 per cent increase the minimum wage from 1 July. This increase equates to an extra $40 per week in the pocket of a full-time worker on the minimum wage. For workers who are reliant on award wages, the increase will be 4.6 per cent or $40 per week, whichever is higher. The new Federal Minimum Wage moves to $812.60 per week or $42,255.20 per annum. In Victoria the new VPS1 rate from 2 June 2022 is $50,594 and the COG2A award rate for Correctional Officers increases to $50,955 for a 76 hour fortnight compared to the agreement rate $55,439.