Useful industry news and articles from the team at Alltech Payroll.
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- 23 August 2018
Termination of Employment Timing of Final Pay The Fair Work Act does not specify when amounts due on termination should be paid to the employee. In the past, Fair Work provided us with the following advice: It should be paid to an employee on their last day of work or on the next scheduled pay … Read more
- 19 July 2018
The ATO has released some helpful information which can be shared with employees about STP. The main introduction page is available here: https://www.ato.gov.au/Business/Single-Touch-Payroll/Single-Touch-Payroll-for-employees/ This page then links to the following pages: What Single Touch Payroll means for employees https://www.ato.gov.au/Business/Single-Touch-Payroll/Single-Touch-Payroll-for-employees/What-Single-Touch-Payroll-means-for-employees/ Setting up your myGov account https://www.ato.gov.au/Business/Single-Touch-Payroll/Single-Touch-Payroll-for-employees/Setting-up-your-myGov-account/ Accessing your income statement or payment summary online https://www.ato.gov.au/Business/Single-Touch-Payroll/Single-Touch-Payroll-for-employees/Accessing-your-income-statement-or-payment-summary-online/ When … Read more
- 3 June 2018
Follow this link https://www.fwc.gov.au/awards-agreements/minimum-wages-conditions/annual-wage-reviews/annual-wage-review-2017-18 to find out all the necessary information for the 2017-18 Annual Wage Review.
- 22 March 2018
Quite often in payroll we are asked to fill out an Employment Separation Certificate for an employee to give to Centrelink. Centrelink uses the Separation Certificate to determine when a person is entitled to receive benefits such as Newstart. Claimants are expected to use leave and redundancy payments to support themselves before being paid the … Read more
- 21 February 2018
With the introduction of “Real Time Payment” employees and employers want to know if the New Payments Platform (NPP) can be accessed for processing payroll. Here is what the Communications Strategist of NPPA has to say. The New Payments Platform has been established to facilitate real time payments between bank accounts, whether it be consumer to … Read more
- 8 February 2018
When an employee leaves a company and does not return items such as a laptop, mobile phone or uniform, we are often asked if the cost of the item/s can be deducted from their termination pay. Usually the answer is NO. You still need to pay the termination pay and recover the missing equipment as a … Read more