Transcription of Australia (Australian dollars, $A) - OECD.org
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Australia (Australian dollars, $A) - OECD.org
Australia ( australian dollars, $A) The Federal Minimum Wage (FMW) (for persons aged 21 years and over) was established by the australian Industrial Relations Commission (AIRC) in its April 1997 Safety Net Review - Wages decision. Only applies to employees covered by a Federal award (in 1997, around 40% of all employees), but has since been incorporated into most State awards. A minimum wage had also been in operation from 1966 onwards but it had fallen into disuse during the early 1980s (falling behind wage growth generally as only indexed to price inflation) and was formally abandoned in 1986. The FMW has been extrapolated back to 1985 in line with increases in C14 wages in the Metals Industry Award and National Wage Case decisions.
Australia (Australian dollars, $A) The Federal Minimum Wage (FMW) (for persons aged 21 years and over) was established by the Australian Industrial Relations Commission (AIRC) in its April 1997 Safety Net Review -
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