Disclosure Statement: Durand Financial Services Pty Ltd and its advisers are authorised representatives of Fortnum Private Wealth Ltd ABN 54 139 889 535 AFSL 357306. General Advice Warning: The information contained within this website does not consider your personal circumstances and is of a general nature only. You should not act on it without first obtaining professional financial advice specific to your circumstances.
(Australian Associated Press)
* Full-time and part-time employees will have wages cut from 150 per cent to 145 per cent on July 1, to 135 per cent on July 1 next year, and drop to 125 per cent in 2019.
* Casual employees will have their wage cut from 175 per cent to 170 per cent on July 1, 165 per cent on July 1 next year, before the final cut to 150 per cent in 2019.
* Full-time and part-time workers’ Sunday wages will drop from 175 per cent to 170 per cent on July 1, to 160 per cent next year, then 150 per cent in 2019.
* There will be no change for casual employees.
* Full-time and part-time staff will have a five percentage point cut on July 1, from 200 per cent to 195 per cent, to 180 per cent in July next year, to 165 per cent in 2019, and finally to 150 per cent in 2020.
* Casual staff will go from 225 per cent to 220 per cent in July, to 205 per cent next year, 190 per cent in 2019 and 175 per cent in 2020.
* Full-timers and part-timers will drop from 200 per cent to 195 per cent on July 1, to 180 per cent next year, 165 per cent in 2019 and 150 per cent in 2020.
* Casual wages will drop from 225 per cent to 220 per cent, then slip to 205 per cent next year and 190 per cent in 2019, with a final cut to 175 per cent in 2020.
PUBLIC HOLIDAY RATES
All sectors plus restaurants: Full-time and part-time drop from 250 per cent to 225 from July 1. Casual rates drop from 275 per cent to 250.
Source: Fair Work Commission