How to make sure your business is prepared for the new Fair Work Act.
click here to get a free trailDear Reader,
If you think there is even the slightest chance you will ever have to make someone redundant, you MUST read this.
The introduction of the Fair Work Act has significantly affected your ability to make redundancies – and January 1 2010 saw even more changes made to redundancy legislation.
So I thought today’s Bulletin would be a good time to recap how the Fair Work Act has changed redundancy laws – and what that means for you!
In this week’s Workplace Bulletin:
Dear Reader,
Spring has sprung! And change is certainly still in the air in the world of employment law.
Here’s a new ruling you may not have known about…
In the past, payments made in lieu of notice did not attract a superannuation guarantee charge (SGC). Now, they do!
What is SGC?
SGC is a quarterly charge that the federal government will impose on you if you fail to contribute sufficient superannuation on behalf of your employees.
The minimum level of superannuation (often known as SGC contributions) is 9% of an employee’s earnings base. (On 1 July 2008, the earnings base was standardised to mean an employee’s “ordinary time earnings” or OTE). The requirement to contribute 9% superannuation only applies to a maximum limit of earnings (in 2009-2010 this limit is $40,170 in a quarter).
In this special Workplace Bulletin:
Dear Reader,
It’s been all over the news…the global financial crisis is causing Australian businesses to have a good hard look at its workforce and redundancies are on the rise. But did you know that the federal government’s Fair Work Bill will impose new requirements on employers in regards to redundancy and retrenchment from 1 July 2009?
As an employer, you want to ensure that you comply with the law and keep out of court when dealing with redundancy. But did you know that if you retrench an employee next year you might have to pay them as much as 21 weeks’ severance pay? Are you ready to do this?
There are many other things changing as well…
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