The Fair Work Australia Minimum Wage Review 2021 has revealed a 2.5% increase to the national minimum wage starting 1 July 2021. The decision was based on a foundation that the country’s economic performance has ‘exceeded expectations’ and that recovery was well underway. The minimum wage will increase from $19.84 to $20.33 or $772.60 per week …
The 2020-21 Federal Budget has been described as the most anticipated in our history defining its post-COVID road to recovery despite the country experiencing its worst economic conditions since World War 2. In this article we sift through the federal budget’s contents and what they mean for our nation’s SMEs. Personal income tax cuts The …
Following a decision of the Full Bench, the Fair Work Commission has finalised arrangements for modern award changes including the insertion of new annualised salary clauses into several modern awards with effect from 1 March 2020. These changes introduce important new practices for HR and payroll aimed at reducing “wage theft” and non-compliance with awards. …
Modern award changes and annualised salary arrangements Read More »
The colloquial use of the term ‘wage theft’ has become increasingly popular in the workplace relations landscape. A term first used by unions, ‘wage theft’ is now commonly used to describe a failure to pay workers’ correct wages and entitlements. The Fair Work Ombudsman (FWO) has been clear in its approach to countering alleged ‘systemic …
Whether you’re hiring your first employee or your fortieth, compliance matters. But how do you ensure you’re compliant with all payroll laws and follow industry-wide best practices? This guide will help you make the right choices. Compliance is a legal requirement Before your new employee even arrives for their first day, there’s a lot to …
Payroll is a workplace function that usually occurs in the background and simply just “happens.” Any business who adopts these top tips for best practice payroll compliance, should find that payroll is invisible to the rest of the business. It does however remain one of the most preventable areas of risk for many businesses. With …
An employment contract is an agreement between an employer and employee that sets out the terms and conditions of employment. It is not necessary to specifically agree on a contract for one to exist. The fact that an employee starts work for an employer brings with it certain fundamental implied terms, such as the right …
The importance of employment contracts, workplace policies and procedures Read More »
The world of employment law is constantly evolving and ever-changing. This year alone has seen the compulsory introduction of Single Touch Payroll and a number of very important employment law updates. If you take your eyes off the ball, it’s likely you will miss something and may find yourself and your business in trouble with …
Single Touch Payroll and Employment Law Updates 2019 Read More »
Managing payroll is a tricky part of any business, but choosing the right accounting software can make it so much easier.
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