22 June 1.75% Annual Wage Increase Announced - to commence 1st November 2020 June 22, 2020 By Reef Admin Fair Work Commission decisions 0 The Fair Work Commission has announced its 2020 Wage Case decision and determined that all Award base rates of pay will increase by 1.75%. Unlike other years where the increases would normally take effect on the 1st July, this year due to Covid-19 crisis, the commencement of the increase will be staggered according to the industry. The Real Estate Industry Award and the Clerks-Private Sector Award have both been included in the second stage of this staggered program. Accordingly, the annual increases under these Awards will be delayed until the first full pay period on or after the 1st November 2020. REEF will be producing our annual 'Rates of Pay' booklet in the coming months to ensure members have access to the updated wage rates and allowances well in advance of the 1st November start date. For example, the weekly minimum rate of pay for a Real Estate level 2 employee will increase by $15.10 to $877.60. REEF members are therefore advised to continue to pay the existing 2019/2020 base rates of pay until the first full pay period on or after the 1st November 2020. Related 2019 wage review provides 3% increase to minimum wage rates In its 10th annual Minimum Wage Review, the Fair Work Commission has announced that the minimum rates under modern awards will be increased by 3%. Absorbing the annual wage increase Minimum wage rates increased by 3.5% on 1 July 2018, but what if you're already paying an employee more than the award minimum? Can the increase be absorbed into those above award payments? Changes to annual leave provisions now in play In an important decision by the Fair Work Commission, annual leave provisions in modern awards have been varied to provide greater administrative flexibility. The changes apply from the first pay period on or after 29 July 2016. Notice of REEF Annual General Meeting Notice is hereby given that the Real Estate Employers' Federation's 53rd Annual General Meeting will be held on Wednesday, 20 May 2020, commencing at 1.00pm. REEF President gives annual report at AGM At the recent AGM, REEF President Fred Andriessen presented his first annual report to members and shared some of REEF's big wins during 2016. REEF President gives 2017 annual report at AGM At the recent AGM, REEF President Fred Andriessen presented his annual report and provided a snapshot of just some of the activities REEF has been involved in over the course of 2017. Comments are closed.