award

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award

Law
a. the decision of an arbitrator
b. a grant made by a court of law, esp of damages in a civil action

award

A communication from an owner accepting a bid or negotiated proposal. An award creates legal obligations between the parties.
References in periodicals archive ?
ACTU Assistant Secretary Tim Lyons says Australian unions will use the inquiry to advocate for improvements to minimum and award wages and to reduce poverty and inequality.
We find that the changes in the attributes of apprentices overtime have contributed to a general decline in the relative award wage for apprentices.
21) The QIRC held there had been an undervaluation of dental assistants' work because of gender related factors, and granted award wage increases of $63.
The unions asserted that the application of the 1972 principle, in contested proceedings, reflected a particular pattern; namely that decisions to grant award wage increases had primarily relied on comparisons with male-dominated comparisons within awards.
Notwithstanding the large number of awards and award wage classifications, in practice the 14 wage classification levels of the Metal Industries Award have formed the basis of minimum wage adjustments under the AIRC's Safety Net wage reviews.
JG workers would receive the Federal minimum award wage and conditions.
The decisions lead to an across-the-board adjustment of all award wage rates.
With minimum wage fixing transformed in this way, the setting of award wages for all workers on classifications above the minimum wage would also be affected, as award wage relativities are integrally related to minimum wages," he said.
The unemployed, of course, only benefit from minimum wage increases if they find employment, but minimum award wage increases only reduce this possibility.
The Accord compelled tribunals to slow down the rate of award wage growth, addressing the concern that previous wage increases had exceeded productivity gains and restricted growth.
The composition of the minimum wage had two main components: a basic or minimum wage which had to be paid to all unskilled adult mainly male workers and various margins for skill to be added to the basic wage to determine the award wage for the particular occupation.