The deal comes ahead of a planned strike on July 18, which would have seen 30,000 teachers walk off the job.
State Education Minister Grace Grace said that the deal will give Queensland teachers “some of the best pay and conditions in Australia”.
“Our teachers do a tremendous job each day helping to shape Queensland children in the global citizens of tomorrow,” Grace said.
“The Palaszczuk Government backs them 100 per cent. We want them to have secure, rewarding and meaningful careers in the Queensland state education system.
“That we have been able to reach agreement before the expiry of the current agreement shows the shared desire of both parties to value the work our teachers do.”
As well as the annual 2.5 per cent pay increases, teachers will receive a one-off sign-on bonus of $1250.
Other benefits of the deal include increased non-contact hours for primary and special school teachers and a new classification structure for school leaders.
“By the end of this agreement, our top teachers will be earning $110,500 per year. In addition, they can also apply to be recognised as Highly Accomplished Teacher or Lead Teacher, with salaries for these classifications rising to over $117,000 and $128,000 respectively from July 2021,” Grace said.
The agreement is currently in-principle only, but Grace expects that it will be certified “over the coming weeks”.
The Queensland Teachers’ Union (QTU) has been approached for comment.