From 1 January 2010 for employers in the national system, the new modern awards apply as a common rule to all employees in an occupation or industry as described in the scope of each modern award. There are 122 modern awards in all. The impact of the new modern awards on industry is significant. Labour costs will increase for some employers as a result of the new modern awards. Some employers will find that their employees are covered by a modern award where those employees were not previously covered by any award.
In recognition of this impact, model transitional provisions have been included in most of the modern awards to phase in the impact over 5 years.
Read more of the article by Norton Rose.