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Useful industry news and articles from the team at Alltech Payroll.
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- 25 June 2020
As you may have heard, the Fair Work Annual Wage Review 2019-20 decision was handed down on Friday 19 June 2020. The Commission awarded an increase of 1.75 per cent. The National Minimum Wage (NMW) will be $753.80 per week or $19.84 per hour. The hourly rate has been calculated by dividing the weekly rate by 38, on … Read more
- 15 May 2020
‘It’s vital to remember that we are not born resilient’ After facing some of the worst natural disasters in its history, Australia is now affected by the global pandemic COVID-19, leaving many bosses and employees alike, emotionally exhausted and overwhelmed. While one in five Australians are already vulnerable to mental health issues, this risk is … Read more
- 5 March 2020
As many employers may already know, over the past few years, penalty rates in the Restaurant, Hospitality, Pharmacy, Fast Food and Retail awards have been gradually changing. This week encounter another phase of changes to the Retail Industry Award. Specifically with casual penalty rates. We do not usually mention particular award changes for individual awards, but this is … Read more
- 14 February 2020
As we know, the World Health Organization has declared the coronavirus outburst as a public health emergency of international concern. As a result, employers need to understand their obligations in considering how this may affect their employees. This may include the granting of different forms of leave, working from home or taking extra precautions in … Read more
- 22 November 2019
We are very close to Christmas and being the time for giving, some employers might be thinking of providing an annual bonus to employees. When employees are paid bonuses, it is assessable income to them and processed as such in payroll: • Deduct PAYG from the amount using a marginal rates calculation • Report it … Read more
- 9 November 2020
With Christmas around the corner, some employees may want to take annual leave in advance. In this article we look how you can protect yourself when agreeing to let an employee take annual leave in advance. When can an employee take annual leave in advance? Under the annual leave in advance clause now included in … Read more