Awards have been updated to reflect superannuation as an entitlement under the National Employment Standards (NES). The Fair Work Commission (the Commission) has updated the rules about superannuation in 147 awards. The Commission is the national workplace relations tribunal. The Commission made these updates to make sure that awards reflect the current superannuation rules. This […]
READ MOREMaximising you payroll career
To pave a prosperous career in payroll, professionals should embark on a journey of continuous learning and development. The ever evolving nature of payroll demands not just an in depth understanding of current practices but also a forward thinking approach to adapt and grow with future trends. Here are actionable strategies for payroll professionals aiming […]
READ MOREIAG back-pays workers $37 million
The Fair Work Ombudsman (FWO) says Insurance Australia Group (IAG) has back-paid more than 19,000 workers $21 million owed under federal workplace laws. A further $16 million was back-paid for long service leave entitlements. An FWO media release said the underpayments were caused by “basic shortcomings in the IAG entities’ processes, including not having time […]
READ MOREEnd of daylight savings
Daylight saving time will end on Sunday 7 April 2024. Clocks go back one hour at 3am to 2am in: Australian Capital Territory New South Wales South Australia Tasmania Victoria. Daylight saving doesn’t apply in all states and territories. There is no change to the time in: Northern Territory Queensland Western Australia. What employees are […]
READ MOREPayroll officer spent stolen cash on Candy Crush
A woman who defrauded her mushroom farm employer of more than $1 million, spending $180,000 on the mobile game Candy Crush, has pleaded guilty to theft and had her bail revoked. Allison Simmons pleaded guilty to seven charges of theft after swindling more than $1 million over six years while working as a payroll officer […]
READ MOREEaster Public Holidays across Australia in 2024
Easter, a time of reflection and celebration for many, also brings with it a patchwork of public holidays across Australia. These holidays, varying from state to state, can pose a unique challenge for businesses and payroll departments nationwide. As we approach Easter 2024, understanding the specific public holidays within each state and territory becomes essential […]
READ MORERedundancy Payments: Understanding the nuances for Australian businesses
In recent weeks, our Member helpdesk has seen a noticeable uptick in phone calls related to redundancy payments. This surge in questions signals a pressing need for clarity and understanding about the complexities involved in calculating redundancy payments correctly. Redundancy, an unfortunate reality for some businesses, requires a careful approach to ensure both compliance and […]
READ MOREFWO secures penalties against bar operator and external accounting firm
The Fair Work Act 2009 (Cth) (FW Act) requires employers to keep certain employee records for a period of 7 years. These records are necessary to ensure that employees have been paid their minimum entitlements should an underpayment claim be made. In Fair Work Ombudsman v J.D. Chapel Nominees Pty Ltd (in liq) [2024] FedCFamC2G […]
READ MOREPayroll and the power of artificial intelligence
The advent of Artificial Intelligence (AI) in various sectors has ushered in a transformative era, significantly impacting operational processes and efficiency. In the payroll industry, traditionally viewed as a meticulous and complex function of business operations, AI promises substantial advancements. This article explores the potential implications of AI on the payroll industry, underscoring both opportunities […]
READ MOREFair Work Ombudsman targets Perth eateries
The Fair Work Ombudsman is making surprise inspections of northern Perth fast food outlets, restaurants and cafes this week to check workers are getting the right pay and entitlements. About 20 businesses have been targeted for inspection, including in the suburbs of Wanneroo and Joondalup. Fair Work Inspectors are speaking with business owners, managers and […]
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