Salary payments

An annual salary can't be less than the minimum entitlements an employee is entitled to under the award or registered agreement that applies and the National Employment Standards.

The requirements that need to be met when agreeing to an annualised salary can be outlined in an award, employment contract, enterprise agreement or other registered agreement.

An employer and employee can agree that an annual salary covers entitlements like:

  • minimum weekly wages
  • penalties
  • overtime
  • allowances
  • annual leave loading.

Find out the rules in your award about making an annual salary agreement by selecting from the list below.

Real Estate Award

Based on what you've told us, it looks like you're covered by the Real Estate Industry Award 2010 [MA000106].

There are no specific annual salary arrangements in the Real Estate Award.

This doesn't mean an employee can’t be paid a salary. An annual salary can't be less than the minimum amount an employee would have been paid under the award.

For hourly pay rates in this award, check Minimum wages.

To find out more about who this award applies to, go to the Real Estate Award summary.

You do not have javascript enabled. Please select your preferred industry from the links below, to view your tailored content for this section.

Best practice tip

Check your employment contract for details of any annual salary arrangements.

Records of annual salary arrangements

Salary agreements should be documented in writing, and identify which entitlements are included in the payment.

The employer and the employee should keep a copy of the agreement.

Help for small business

Want to save this information for later?

If you might need to read this information again, save it for later so you can access it quickly and easily.

You might also be interested in

pdfButtonLong

Page reference No: 1630