Is Your Business Ready for End of Financial Year?

Increase In Minimum Wage

The Fair Work Commission has announced a 2.4% increase to minimum wages that will apply from the first full pay period starting on or after 1 July 2016.

This will bring the new national minimum wage up to $17.70 per hour, but it won’t affect employees who are already getting paid more than the new minimum wage.

If wages are left unchecked, underpaid staff members can come back to bite you for large lump sum reimbursements. Not to mention you can also face action and hefty fines from Fair Work Australia.

For peace of mind we can conduct a fixed-fee review of your employment agreements to ensure they comply with the new Fair Work standards.

Call our employment law team on 1800 640 509 or email [email protected] to see what we can do for you.

SuperStream

SuperStream is the new way employers must pay super. With the deadline of 30th June rapidly approaching, ATO Deputy Commissioner James O’Halloran says now is the time for employers who are not yet using SuperStream to cross it off their to-do list.

“Employers who are using SuperStream have reduced the time they spend on super by an average of around 70%, each cycle,” says Mr O’Halloran.
More than 60% of all Australia’s small businesses are now using SuperStream, an online platform for paying and sending employee information electronically. It aims to streamline the whole process, making it faster and easier for employers to pay out superannuation, as well as minimising instances of lost accounts and missing payments.

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