The $130 billion wage subsidy scheme (JobKeeper payment) explained

Treasurer Josh Frydenberg and Prime Minister Scott Morrison announce the government's $130b wage subsidy package at a press conference at Parliament House in Canberra, Monday, March 30, 2020. (AAP Image/Mick Tsikas)

A $130 billion wage subsidy scheme (JobKeeper) has been announced by federal government to support businesses during the COVID-19 pandemic. The plan to subside wages, known as the JobKeeper payment, is historic, with Treasurer Josh Frydenberg stating to Sky News this morning that Australia has “never seen income support like this.” Prime Minister Scott Morrison… Continue reading The $130 billion wage subsidy scheme (JobKeeper payment) explained

Third stimulus round and wage relief expected soon, evictions suspended

A third round of stimulus is expected soon in the hopes of keeping the economy afloat during the COVID-19 pandemic, with more details on Morrison’s reference to “hibernation” for small business included.   Recent updates from the COVID-19 pandemic from the weekend include the limitation of gatherings to just two persons, and the government’s announcement of further… Continue reading Third stimulus round and wage relief expected soon, evictions suspended

What Single Touch Payroll means for your employees

Have you taken the next step and started reporting through Single Touch Payroll (STP)? Employers with 20 or more employees should have already started reporting their employees’ salaries and wages, pay as you go withholding and superannuation information to the ATO through an STP-enable payroll solution. If your business employs 19 or fewer employees, you… Continue reading What Single Touch Payroll means for your employees

Former owner of pizza outlet fined for underpaying employees almost $26,000

The Federal Circuit Court has fined a former owner of the Crust pizza outlet in Maroubra $3825 for refusing to reimburse 8 underpaid workers. The 8 delivery drivers and sales employees who worked for the former owner, Sotirios Theocharidis, were underpaid a total of $25,995 in 2013. The underpayments were discovered by the Fair Work… Continue reading Former owner of pizza outlet fined for underpaying employees almost $26,000

Factory workers underpaid $45,000 over eight years due to computer error

25 Factory workers at Nambucca Heads on the NSW North Coast have been underpaid by a total of $45,000 over eight years. An investigation by the Fair Work Ombudsman discovered that the wages system had been set up incorrectly resulting in miscalculations of leave accruals, leave loading and superannuation entitlements between 2007 and 2015. The… Continue reading Factory workers underpaid $45,000 over eight years due to computer error