REEFWA would like to provide you with an update on the review of the Real Estate Industry Award 2010, following from the preliminary decision of the Fair Work Commission in July this year.
As stated in our previous member updates, REEFWA was disappointed in the preliminary decision of the Fair Work Commission to amend the Award by:
- Increasing the minimum wage for Sales representatives
- Increasing the Minimum Income Threshold for qualification for sales representatives to be employed as commission only from 110% to 125%
Following publication of the draft recommendations, the Commission has called for comments relating to the implementation of its preliminary decision to increase minimum wages for all classifications. As full agreement between all parties could not be reached, the Commission will be facilitating a conciliation conference on November 3rd to hopefully arrive at an agreed outcome.
REEFWA will make all members aware of the outcomes of these meetings.
Regardless of the outcomes there will be changes to the Real Estate award and REEFWA will provide numerous briefings for members to further understand the implications and how to implement them in your business.
Should you have any questions regarding the above please feel free to contact
Peter Kuhne – REEFWA President – 08 9375 8822
Michael McGowan – REEFWA Executive Officer – 08 9365 7525