The Fair Work Commission’s expert panel for annual minimum wage review has just handed down its federal minimum wage decision as part of the annual wage review 2016-17.

The panel has awarded a 3.3 per cent increase to the federal minimum wage and has applied that increase to modern awards.

The new minimum wage will be $694.90 per week or $18.29 per hour.

A statement issued by the panel is available online.

This decision comes into effect 1 July.