FAIR WORK COMMISSION’S MINIMUM WAGE DECISION
The Fair Work Commission's minimum wage panel has decided to increase all award rates of pay by 2.6% in its 2013 annual wage review ruling.
The decision increases the national weekly minimum wage by $15.80 to $622.20 (or 31c to $16.37 an hour) on July 1.
The ACTU's had sought a $30 a week increase.
FWC President, Justice Iain Ross, Senior Deputy President Ian Watson, Commissioners Paula Spencer and Peter Hampton and John Vines, Professor Sue Richardson and Peter Dwyer took account of the 0.25% increase in the superannuation guarantee levy payable from July 1 and the effect of the carbon tax on inflation in reaching their decision.
The panel said other factors contributing to a lower outcome than the 2.9% increase awarded last year were expectations of easing GDP growth and a slight increase in unemployment for 2013-14.
The Panel described the result as "a small improvement in the real value of modern award minimum wages in 2013-14".
This year’s ruling follows previous increases of:
2012-2013 - a 2.9% increase to all award rates, lifting the national minimum wage by $17.10 to $606.40;
2011-2012 – a 3.4% increase to all rates; and
In 2010, in its first decision after it was established by the Rudd Labor Government, the panel increased the minimum wage by $26-a-week – only $1 shy of the $27 sought by the ACTU.
CONSULTANT TO PAY MONEY BACK
A court has ordered a former CBA consultant to pay back almost $295,000 in overpayments the bank made after he fraudulently provided duplicate timesheets, plus invoices for public holidays he didn't work.
NSW Supreme Court ruled that the consultant had breached his "duty of honesty" to the bank.
"The duty was implicit in the employment contract regardless of whether its terms were oral or in accordance with the bank's standard terms and conditions", the Court said.
Courtesy of WARING LEGAL
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