Listen to Australian and world news and follow trending topics with SBS News Podcasts.TRANSCRIPTIn this bulletin:Treasurer Jim Chalmers has welcomed the Fair Work Commission's ruling to provide millions of employees a 4.75 per cent wage increase next month.The decision means about 100,000 minimum wage earners will see their hourly wage jump from $24.95 to $26.44.Dr Chalmers says he's pleased to see cost of living pressures recognised by the commission."This means that the minimum wage is up more than $12,000 a year since we came to office four years ago When it comes to these cost-of-living pressures that Australians are confronting right now we see decent pay as part of the solution, not part of the problem."Elsewhere, the move has received mixed reactions, with Union groups saying the figure will allow workers to get back on their feet, but some business groups saying this will worsen inflation.-A five-month community-based inquiry into the multi-billion-dollar AUKUS defence pact has been launched at Parliament House.Trade unions, independent MPs, and civil society organisations supported the establishment of the inquiry, which will take written submissions and hold public hearings before delivering its final report by October 30.Former Labor environment minister Peter Garrett will head the inquiry, and says he’d welcome input from government members."And to provide the opportunity for Australians right across the political spectrum and from all walks of life (to ask questions)