The Fair Work Commission has confirmed that penalty rate reductions will take effect in the retail, hospitality, pharmacy and fast food sectors as follows:

 Award 1 July 2017   1 July 2018 1 July 2019  1 July 2020 
 Retail (permanent)  195%  180%  165%  150%
 Retail (casual)  195%  185%  175%  175%
 Fast Food - Level 1 Only (permanent)  145%  135%  125%  125%
 Fast Food - Level 1 Only (casual)  170%  160%  150%  150%
 Hospitality (permanent)  170%  160%  150%  150%
 Pharmacy (permanent)  195%  180%  165%  150%
 Pharmacy (casual)  220%  205%  190%  175%

 Public holiday penalty rates will be reduced from 1 July 2017 without any transitional arrangements for these sectors.