Annual Wage Review – 1 September 2021 changes
From 1 September 2021, minimum wages in the Retail Award are increasing. Updated minimum rates are now available in our pay tools. See our Annual Wage Review 2021 page for more information.
Find out about annual salaries and how they can be arranged.
On this page:
Annual salary requirements
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
- annual leave loading.
Find out the rules in your award about making an annual salary agreement by selecting from the list below.
Based on what you've told us, it looks like you're covered by the Real Estate Industry Award [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.
- Building, construction and on-site trades
- Contract cleaning services
- Don't know
- Hair and beauty
- Health support services
- Real estate
- Road Transport
- Social, community, disability and home care services
- Storage services and wholesale
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.
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