What is a salary sacrifice arrangement? “It is an arrangement between an employer and an employee, where the employee agrees to forgo part of their future entitlement to salary or wages in return for the employer providing them with benefits of a similar value” (ATO).  For example, an employee may forgo part of their salary … Read more

What happens if the employee does not give sufficient notice or if they just do not want to work out their notice? An employee may request that the notice period be waived. This can be mutually agreed between the employee and em­ployer and the employee would go off on their happy way. Some Awards, Enterprise … Read more

It is now possible to print your own TFN declaration. These forms are now available on the ATO website. Employees can either print a blank form and hand write their information onto the form, or can fill in the form on screen before printing. https://www.ato.gov.au/forms/tfn-declaration/

Get set for a 2.4% wage increase The Fair Work Commission has announced a 2.4% increase to minimum wages. The increase will apply from the first full pay period starting on or after 1 July 2016. What do I need to do? Nothing for now. We’re working on updating our pay tools with the new pay … Read more

Here are some common questions in relation to SuperStream What are the SuperStream deadlines? Employers with 19 employees or fewer, SuperStream deadline is 30 June 2016. Employers with 20 or more employees, SuperStream deadline was 31 October 2015. (If you’re not yet ready, you need to take all steps to implement as soon as possible). … Read more

http://www.sharks.com.au/corporate/business-showcase.html