The Commissioner of Taxation has now released the updated alternative decline in turnover tests for the JobKeeper extension. The Coronavirus Economic Response Package (Payments and Benefits) Alternative Decline in Turnover Test Rules (No. 2) 2020 legislative instrument has now been registered by the commissioner, setting out the revised alternative tests for JobKeeper fortnights from 28 […]
READ MORECan casual employees make a claim for unfair dismissal?
In Australia, there is no standard definition of casual employees other than they are usually people that are temporary, have irregular hours and are not guaranteed to be ongoing. A casual employee also does not commit to all work an employer might offer. Indeed, Fair Work states that an employee who works to a roster […]
READ MORESuperannuation amnesty unearths $588 million in unpaid contributions
Almost 400,000 workers will finally receive more than half a billion dollars of unpaid super under a one-off amnesty for employers. According to the federal government, 24,000 businesses admitted to underpaying staff by $588 million in entitlements during a pardon that ended on September 7. The figures easily surpassed Superannuation Minister Jane Hume’s prediction that […]
READ MOREJobKeeper 2.0 rules released
Treasurer Josh Frydenberg has now registered the new rules governing the extension of the JobKeeper payments, with ATO guidance set to follow. The Coronavirus Economic Response Package (Payments and Benefits) Amendment Rules (No. 8) 2020 legislative instrument was registered on Tuesday, setting out the decline in turnover test for the extension of JobKeeper to 28 […]
READ MOREBusiness group slams Victoria’s payroll tax deferrals, calls for exemptions instead
Business groups have balked at the Victorian government’s $1.7 billion payroll tax deferrals, arguing the state should scrap the charges over the next year rather than delaying them. Outlined as part of Victoria’s $3billion business support package, the deferrals mean businesses with payrolls up to $10 million will be able to defer payroll tax payments […]
READ MOREChanges would be an important part of coronavirus recovery program
Australia should resist imposing stricter migration policies in the wake of COVID-19 and instead promote the entry of global talent who can help spark economic recovery, one study recommends. While top talent hubs like the US are implementing tougher rules for migrant workers, Australia is poised to benefit from the entry of skilled individuals whose […]
READ MOREDavid Jones and Country Road confirm $3.7m underpayment
More than 7000 staff members across David Jones and Country Road have been underpaid $3.7 million over the last six years, according to the businesses parent company Woolworths Holdings. The payment error was found in late 2019, and a subsequent audit blamed the issue on rostering and payroll system errors. The SDA, ATO and Fair […]
READ MOREIBM repays Aussie staff $12M
IBM has repaid 1,647 Australia staff $12.3 million after admitting to underpaying them for almost a decade. The global tech giant has entered into an enforceable undertaking (EU) with the Fair Work Ombudsman (FWO) to back-pay the employees, many of whom were lower-salaried call centre workers in Ballarat. According to the FWO, IBM identified employees […]
READ MOREATO settles JobKeeper ordinary income debate
The ATO has clarified that JobKeeper payments are considered ordinary income but will not count towards the calculation of an entity’s aggregated turnover. The Tax Office has now updated its web guidance to confirm that while JobKeeper payments are ordinary income, they are not earned in the ordinary course of business, and hence are not […]
READ MOREJobKeeper recipients paying millions in bonuses to their executives, research reveals
At least 25 companies have paid bonuses worth a combined $24.3 million to their executives after claiming JobKeeper subsidies, an analysis of the financial reports of 290 entities on the ASX 300 has found. Key points: Not all the bonuses were paid in cash, some were paid in shares The Business Council of Australia says […]
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