From 1 September 2022, there will be new annualised salary arrangement rules in the Hospitality Industry (General) Award 2020 and Restaurant Industry Award 2020. The new rules will replace the previous provisions found in these awards. Under these annual wage arrangement provisions, an employer needs to pay their employee at least 25% higher than the … Read more

Redundancy is a situation where an employee’s job is no longer required due to changes in business operations.  Their redundancy calculation will depend on a variety of factors, such as the employee’s age, employee’s length of service, the size of the business and any specific rules which may apply under the relevant industrial instrument. So … Read more

Important changes to how much superannuation you need to pay your employees are now in effect. These apply to salary and wages paid from 1 July 2022, even if some or all of the pay period relates to work done before 1 July. Here is a summary of the changes: Superannuation increases to 10.5% Employers should be … Read more

Last week, the ATO made an announcement urging employers that have provided their employees with fringe benefits to consider their Fringe Benefits Tax (FBT) obligations including registering, reporting, lodging and paying FBT.  The ATO expects many employers to have an FBT obligation for the first time due to benefits provided during COVID-19. A fringe benefit is a … Read more

As a reminder, from 1 July 2022 employers will need to pay superannuation for employees who are under 18 years old if they work more than 30 hours for you in a week. This is due to the $450 per month threshold for super guarantee will be removed from 1 July 2022. The change is now law under the Treasury … Read more