FWO Annual Wage Review 2023-24 On 2 June 2023, the Fair Work Commission (FWC) announced their decision regarding the Annual Wage Review for 2023-24, with an: 8.6% increase in the minimum wage; and 5.75% increase to modern award minimum wage; which comes into effect 1 July 2023. National Minimum Wage Increase The National Minimum Wage …