In a long-awaited move, the government has scrapped the $450 superannuation guarantee threshold, making about 300,000 people eligible for super contributions. The bill to remove the monthly income threshold was passed in Parliament yesterday, alongside the Retirement Income Covenant and the Corporate Collective Investment Vehicles regime. From July 1, 2022, all employers must pay superannuation […]
READ MORENine Radio employees hit by Frontier cyber breach
Nine Radio has issued advice of a cyber-attack experienced by Frontier, relating to some employees from May 2016. Almost 500 current and former employees of Nine Radio had their personal payroll details stolen as part of a cyber attack of payroll software provider Frontier Software late in 2021. Frontier had previously informed Nine Radio that […]
READ MOREPoor communication regarding pay increases lead to executive claiming he was underpaid $100,000
One of the world’s largest asset managers, VanEck, short-changed an Australian executive by more than $100,000 over six years, a new lawsuit alleges. Russell Grigg, the fund manager’s former legal and compliance director, claims he only discovered the underpayments in March 2021 after VanEck increased his salary to $280,000. Documents lodged with the Federal Circuit […]
READ MOREUniversity of Tasmania caught up in staff underpayment bungle
The University of Tasmania has become the latest institution caught up in a wage underpayment bungle that has already entangled more than a dozen Australian universities. Key points: A third of the tertiary education sector has now admitted underpaying staff since 2020 UTAS says it is reviewing thousands of payments The union understands the underpayments […]
READ MOREATO Guidance on remission of 200% SGC penalty
An employer is subject to the SG charge if it does not make the minimum required amount of SG contributions on behalf of their eligible employees in respect of a quarter. From 1 July 2021, the minimum SG contributions payable in relation to an employee is 10 per cent of the employee’s ‘ordinary time earnings […]
READ MORETax partner flags remote working implications
Businesses and individuals need to be wary of certain tax implications arising from remote working arrangements, particularly those overseas, according to a tax partner at HLB Mann Judd Sydney. Peter Bembrick, tax partner at HLB Mann Judd Sydney, said following the enforced working-from-home measures of the past year, many companies are now open to the […]
READ MOREPayroll Manager awarded $1.1million damages for foreseeable work injury
A Queensland local government employee has been awarded more than a million dollars compensation for a work injury that a judge has ruled was caused by his employer’s negligence. Queensland Supreme Court Justice James Henry also found that the psychiatric injury suffered by former Cairns Regional Council payroll supervisor Paul Ackers was reasonably foreseeable and […]
READ MOREEaster Sunday to be a public holiday in WA
Easter Sunday will be established as a public holiday in Western Australia, and new provisions are being implemented in the state industrial relations system for the Easter Sunday public holiday entitlements. These changes have been introduced by the Industrial Relations Legislation Amendment Act 2021 and will commence early in 2022. In 2022, Easter Sunday falls […]
READ MORESuper for contractors
If you pay contractors mainly for their labour, they are employees for superannuation guarantee (SG) purposes, and you may need to pay super to a fund for them. It doesn’t matter if the contractor has an Australian business number (ABN). Make super contributions for contractors if you pay them: under a verbal or written contract […]
READ MORECBA in $45 million underpayment stoush
The Financial Sector Union has accused Commonwealth Bank of cheating employees out of $45 million by failing to allow many of them to take paid breaks. In filings lodged Friday with the Federal Court, the FSU accused CBA of failing to allow employees to take rest breaks during shifts due to understaffing, The Australian reported. […]
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