BREAKING: Fair Work Commission have come to a decision on penalty rates.

Key points:
(a) reduced Sunday penalty rates in the retail industry from 200% to 150% (for permanent staff) and 175% (for casuals);
(b) reduce Sunday penalty rates in the hospitality industry from 175% to 150% (for permanent staff only);
(c) reduce Sunday penalty rates in the fast food industry from 150% to 125% (for permanent staff) and 175% to 150% (for casual staff); and
(d) reduce public holiday penalty rates from 250% to 225% across the hospitality, retail fast food and pharmacy industries.

More details to come.