With the new financial year well and truly underway, now is the time to review employee entitlements in light of recent changes. The National Minimum Wage and most awards increased by 5.2% or $40 per week from 1 July 2022. Award minimum wages will increase by 4.6%, which are subject to a minimum increase for…
An employer must contribute to a complying superannuation fund before year-end in order to obtain a tax deduction for superannuation contributions. The superannuation contribution must be paid and cleared in the bank account before 30 June to claim a tax deduction. This will mean that payments should be made by 20 June to allow sufficient…
Employers get ready – there’ll soon be an extra step involved when it comes to hiring new employees. From 1 November 2021, employers will need to determine if a new employee has a “stapled” super fund and request the details from the ATO where a new employee has not nominated a super fund. A stapled super…