Australian government supports minimum wage increase in line with inflation for 2023-24.

The Australian government supports a minimum wage increase in line with inflation for 2023-24, aiming to protect low-income families from rising costs of living. The recommendation will be part of the Fair Work Commission's 2023-24 Annual Wage Review, and the wage increase is expected to help ensure that people on the lowest pay in Australia's economy do not experience a decrease in their wages. The government plans to provide more cost-of-living relief in the upcoming budget and deliver tax cuts for every taxpayer starting from July 2022.

March 24, 2024
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