Several updates have been made to many of the regulatory policies in Australia over the past few months. From reduced tax rates to extended paid leave accessibility, below are some of the key updates employers will want to make note of.
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Several regulatory updates have been made in Australia throughout the last few months. It is imperative that employers stay up to date with these policy changes, in order to avoid compliance regulations. Key changes are outlined in this blog. Effective July 1st, 2021, the rate at which employers contribute to employees’ superannuation has risen to 10%.
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Various provisions have been implemented in Australia for 2021 which have set-forth updated structures for tax, leave, and hiring restrictions. A new, lowered tax rate and raised tax threshold has been proposed by government officials in New South Wales, effective as of July 1,2020. This will be a provisional decrease in the rate in, and will put it at 4.85% for 2020-21 and 2021-22.
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In light of the current pandemic, many employers around the world have began to implement changes into their workplace policies, especially those pertaining to leaves. Employees in Australia are now provisionally entitled to take up to two-times their annual leave at half-pay.
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In light of the current pandemic, many employers around the world have began to implement changes into their workplace policies, especially those pertaining to leaves. Employees in Australia are now provisionally entitled to take up to two-times their annual leave at half-pay.
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Global Upside Corporation, a conglomerate of brands that service the back office needs of domestic and multi-national companies in 150+ countries, has recently opened an office in Melbourne, Australia to support its growth in the APAC region.
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