Clause 248 establishes the $15 per hour baseline federal minimum wage. It also sets out how the minimum wage will be adjusted to keep pace with inflation, starting the year after these provisions come into force and based on the increase in the consumer price index for the previous calendar year.
It also clarifies that the average of the all-items, not seasonally adjusted, consumer price index, should be used. It stipulates that there would be no adjustment to the minimum wage if the consumer price index decreased the previous year.