Superannuation guarantee rate increase update Recently, arguments both for and against increasing the rate of compulsory superannuation guarantee (‘SG’) have continued to be tossed around! The SG is the compulsory amount of superannuation an employer must pay into an eligible employee’s chosen super fund. The rate of SG has been frozen at 9.5% of an […]
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EMPLOYMENT RELATIONS NEWS July 2020
Compiled by Tania Harris A Reference Point to learn changes in Australian Employment Law Issues Affecting Your Business Guiding Employers towards Compliance Providing Best Practice Solutions for Business FAIR WORK OMBUDSMAN (FWO) STRATEGIC PRIORITIES 2020-21 In a COVID-19 driven strategy shift, the FWO will temporarily consider the ‘impact on viability’ when deciding whether to prosecute Employers. The […]
PRACTICE UPDATE AUGUST 2020
Extension of the JobKeeper Payment Sadly, many Australian businesses are a long way from trending back to ‘normal’ as we approach 27 September 2020, the original date that JobKeeper was set to end. Thankfully the government has announced an extension of the JobKeeper Payment, with additional turnover qualifications. The JobKeeper Payment, which was originally due […]
PRACTICE UPDATE JULY 2020
Treasury Laws Amendment (2020 Measures No 3) Bill 2020 Treasury Laws Amendment (2020 Measures No 3) Bill 2020 has passed both Houses of Parliament and is now law. Extending the Instant Asset Write-Off This legislation amends the income tax law to allow a business with an aggregated turnover for the income year of less […]
EMPLOYMENT RELATIONS NEWS – 19 June 2020
Compiled by Tania Harris A Reference Point to learn changes in Australian Employment Law Issues Affecting Your Business Guiding Employers towards Compliance Providing Best Practice Solutions for Business FAIR WORK COMMISSION INCREASES MINIMUM RATES BY 1.75% IN ITS FIRST SPLIT DECISION The Fair Work Commission (FWC) has increased all Modern Award Rates by […]