Tax-free Threshold for Redundancy Payments From 1 July 2013, the tax-free threshold for redundancy payments is as follows: $ 9,246 (formerly $8,806 for 2012-2013); plus $ 4,624 (formerly $4,404 for 2012-2013) for each completed year of service Employment Termination Payment (ETP) Cap For 2013-2014, the ETP cap amount is $180,000 (formerly $175,000 for 2012-2013). Whole-of-income … Read more

Q/ Can employees salary sacrifice their cashed in leave? A/ This is quite complicated – and the practical answer is “possibly not” This is a 2 step process Step 1 – cashing in leave For most employees, cashing in annual leave is only allowed in very limited circumstances: Where the employee is covered by an … Read more

Q/ Our General manger has asked why we should accrue LSL on-costs from day one? If you have any supporting documentation/website link that you can forward me, it would be a real help. A/ While companies usually do not have to make LSL payments for their employees until after 5, 7 or 10 years (depending … Read more

Q/ An employee has requested copies of their payslips. How far back in time can an employee request an employer to provide copies? A/ An employer is required to keep payroll records for seven years, so it would not be “unreasonable” for an employee too request copies going back that far. However if an employer … Read more

With Easter just around the corner, it is important for all to know their obligations when it comes to public holidays. http://www.fairwork.gov.au/leave/public-holidays/pages/default.aspx

Question We have an employee who is on parental leave. She was originally going to have take six months’ leave but subsequently asked for it to be extended for a further six months and provided us with the required four weeks’ notice. She has now changed her mind and wants to come back to work … Read more