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Useful industry news and articles from the team at Alltech Payroll.

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As an employer you may pay allowances to employees for various reasons. Allowances are payments made to recognize or compensate for certain conditions of employment or to cover expenses employees may incur. It’s essential to determine which allowances are subject to superannuation contributions and which are not as this impacts compliance with the Superannuation Guarantee … Read more

When an employee resigns, they are generally required to give their employer a notice period. During this time, their employment continues as usual, with entitlements to salary, benefits, and leave accruals remaining intact. However, employers have some flexibility in managing this period. Before making any decisions, employers should review the terms of any applicable award, … Read more

The ATO has released new HECS-HELP tax tables that apply from 1 July 2023. There are no changes to the normal PAYG tax tables for the 2023–24 income year. The only change is to study and training support loans. Study and Training Support Loan changes to apply from 1 July 2023: With the annual indexing of … Read more

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

This is not an easy topic due to the interaction of different laws. It is important to note that when making a decision about which rule applies in a given situation concerning an employee, the legislation will always over-ride the award, enterprise agreement or employment contract where the legislation is more beneficial to the employee, … Read more