On 2 April 2018 a number of important changes to the Real Estate Industry Award came into effect. The amendments concerned classifications and weekly wages, commission only employment, minimum commission only rate and annual leave for commission only employees. Some of the changes include:
- New classification and wage rates now cover employees who were previously classified under the property sales, management and strata/community title management associates classification.
- Eligibility requirements for commission only employment have been amended to contain new provisions.
- The new minimum commission-only rate is now 31.5% of an employer’s gross commission and commission only employees are still not entitled to annual leave loading, however annual leave must be paid at the employee’s base classification rate at the time of leave.
To find out more about the amendments to the award click here.