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Avoid the taxing hangover

​Don’t be ‘that guy’ who leaves it to the last minute and spends the EOFY eve burning the midnight oil....
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Avoid the taxing hangover

Avoid the taxing hangover

13 June 2017

Don’t be ‘that guy’ who leaves it to the last minute and spends the EOFY eve burning the midnight oil and drowning in accounts mixed with a shot of something strong.
 
Here is everything you need to know about what is coming up and how you can prepare.
 
We know you don't have time to take it all in - so jump to the number that talks to you. 

  1. What you need to do about the penalty rates decision
  2. Everything you need to know about the recent wage increase
  3. 1st July non-compliance fines for employers and HR Managers
Penalty rates - what you need to do
Changes to the public holiday and Sunday penalty rate affecting employee wages come into effect from 1 July 2017.
 
Public holiday penalty rates will be reduced on 1 July 2017 while the Sunday penalty rates will have a transitional arrangement from 1 July.
  
To get back up to speed on these changes click here to view our fact sheet here and FAQ's here
 
To navigate these changes, call the Free Employer Advice Line on 1300 496 955.
 
Keeping up with the Fair Work Commission
The Fair Work Commission has handed down its annual wage review decision.
 
The announcement was made that a 3.3% increase will take place from 1 July 2017 for modern awards, national minimum wages and national minimum wages for juniors, employees under training arrangements and employees with a disability.
 
For help with these increases, call the Free Employer Advice Line on 1300 496 955.
 
1st July non-compliance fines for employers
From July 1, Fair Work will increase the penalties employers, business owners and HR managers can be fined if they are found to breach workplace laws. The penalties will increase by around 15% to $63,000 per breach for an employer and $12,600 per breach for individuals. What can you experience fines for?
  • Penalty and wage rates
  • Your HR system and processes
  • Agreements, policies and procedures

To help you manage wage increase changes, accses our Wage Increase Fact Sheet here: 
NBC-2401-WPA-Wage-Increase-Factsheet.pdf

Need to make sure your employment relations are up to scratch? Speak to a workplace expert on Free Employer Advice Line on 1300 496 955.

 Happy EOFY!

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