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Many announcements have been made over the past few months, including the Federal Budget, and these have led to confusion about what is and is not changing. We have provided details below about what the status of those changes are and what will apply from 1 July 2014.   Superannuation guarantee rate The minimum rate…

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The superannuation guarantee contribution rate increases from 9.25% to 9.5% from 1 July 2014.  Whilst the Budget included a proposal to defer any future increases for four years, that proposal will not affect the 9.5% rate which is currently legislated. Superannuation examples We had a number of queries about how the change in the superannuation…

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The superannuation guarantee contribution rate will increase to 9.5% from 1 July 2014. It is then proposed that the rate will remain at 9.5% until 30 June 2018, and then increase by 0.5 percentage points each year until it reaches 12%.

PAYG Tax Variations

Some employees may have a tax variation in place which reduces the amount of PAYG tax withheld from their total wages or from a particular allowance. These variations generally apply for one income year only. As your employees may not actively monitor this area, it is a good idea to check and send an email…

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Q/ Our employees were required to work on a recent public holiday. A number of them called in “sick” on the day. Can we deduct a day of leave from their personal/carer’s leave balance or do we have to pay them for the public holiday. A/ You will have to pay them for the public…

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Termination and “age” issues

When employees terminate there are many things that need to be taken into consideration – one of them is the employee’s age. Notice – Under the Fair Work Act 2009, when you give an employee notice (or pay them in lieu of providing notice) then employees who are over 45 years old and have at…

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Cents Per Kilometre Changes

Normally not released until the end of March or beginning of April to assist with completion of the FBT return, the Government has recently updated the cents per kilometre table as follows: NON-ROTARY ENGINE ROTARY ENGINE RATE PER KM Up to 1600 cc Up to 800 cc 65 cents 1601 cc – 2600 cc 801…

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Annual Shutdowns

Many employers will have an annual shutdown over the Christmas through to New Year period. The shutdown may be due to industry practice (for example, in the construction industry) or due to an employer policy. Sometimes a skeleton staff will remain to provide a basic cover (including payroll!) but in the main most staff will…

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