Legislation Updates

Latest legislation news

The 2016-2017 Australian Budget will affect the calculation of payroll for Australian employees. This section will outline a number of tax changes that will need to be made for the financial year. 

Over the last few days a number of high profile articles in the media have cast the spotlight again on Holidays Act compliance.  The articles point to problems that have been found in the payment of leave entitlements in the New Zealand Police and the Ministry of Business, Innovation and Employment (MBIE) and have led to further questions by some high profile commentators as to whether these same issues exist in the private sector and to what extent.

End-of-Year processing will generate Certificates of Earnings for each employee to show their Gross Taxable Earnings, PAYE etc. for the financial year. Any employees who wish to complete a tax return may need this information. In addition to the Certificate of Earnings, other useful year end reports available are the ACC Premium Report and YTD Summary Report.

ACC Earner Levy Rate

The 2015-2016 Australian Budget includes a number of changes that affect the calculation of payroll for Australian employees. These are summarised below. If you are using our DataPay Enterprise Payroll application then relax knowing that all of these changes have already been programmed into the software and you do not need to install updates.

End-of-Year processing will generate Certificates of Earnings for each employee to show their Gross Taxable Earnings, PAYE etc. for the financial year. Any employees who wish to complete a tax return may need this information. In addition to the Certificate of Earnings, other useful year end reports available are the ACC Premium Report and YTD Summary Report.

Tax Specification Changes

From 1 April 2015 the adult minimum wage will increase by 50 cents per hour.

In July 2014 we released a news article titled “(AUST) 2014-2015 Tax Changes Effective 1 July 2014”, where we informed that the Employer Superannuation Guarantee (SG) payments will increase to 9.5%. It informs that the level that employers will need to contribute to an employee’s superannuation will remain at 9.5% until 30 June 2018. The rate will then increase by 0.5% each year until it reaches 12% in 2022-23.

The 2014-15 Australian Budget includes a number of changes that affect the calculation of payroll for Australian employees. These are summarised below. If you are using our DataPay Enterprise Payroll application then relax knowing that all of these changes have already been programmed into the software and you do not need to install updates.