There are relatively new national rules for annual wage arrangements issued by the Fair Work Commission in amendments to various modern awards on 1 March 2020. The modern awards which have been amended to facilitate the making of annualised wage arrangements between a national system employer and full time employees are as follows;
Banking, Finance and Insurance Award
Contract Call Centres Award
Hydrocarbons Industry (Upstream) Award
Local Government Award
Oil Refining and Manufacturing Award
The awards have been chosen because they represent the most likely awards to cover the employment of some high income employees.
I will be posting further information about the nature of and the conditions for the making of annualised wage arrangements in the future.