Annualised wage arrangement provisions, which are contained in a number of modern awards, allow employees to be paid an “all-inclusive” annual wage in satisfaction of specified award entitlements, such as overtime rates, minimum weekly rates, weekend rates and annual leave loading.
From 1 March 2020, new annualised wage arrangement clauses will replace existing provisions in 18 modern awards, including the Banking, Finance and Insurance Award 2020, the Clerks – Private Sector Award 2010 and the Manufacturing and Associated Industries and Occupations Award 2010.