Increase to national minimum wage

The Fair Work Commission has increased the national minimum wage by 5.2% or roughly $1 an hour to $21.38 an hour. The Hospitality and Tourism sector, along with other hard hit industries like Aviation, has been given a temporary reprieve with the wage increase to apply from 1 October 2022. The wage increase however has […]

Employers note: disruption to ATO service or super payments later this month

The SW team wish to advise you that the ATO’s Small Business Superannuation Clearing House (SBSCH) online service will NOT be available from 11:30pm on Saturday 25 June to 7:00am on Sunday 26 June 2022 AEST, due to scheduled maintenance. It is important to note, super payments can take up to 7 business days to […]

Superannuation changes 2022/23 webinar

Are you and your business across the latest superannuation changes come 1 July 2022? With so much change going on for business, Sharon Burke and Janelle McPhee spent time running through the latest superannuation impacts that all businesses need to know before 1 July 2022. There were several modifications to superannuation designed to make it […]

Don’t get caught out by upcoming superannuation changes

From 1 July 2022, there will be several changes to superannuation designed to make it easier for people to grow retirement savings and create opportunities for those who are younger, older and low-income earners. A number of changes are being implemented that will affect who is required to be paid superannuation, the Super Guarantee (SG) […]

Federal Budget Overview 2022/23

Last night, Treasurer Josh Frydenberg delivered the 2022/23 Federal Budget, setting the Government up for their pre-election. With a May election fast approaching, there was a lot of anticipation that this Federal Budget would provide much needed support for households in managing the cost of living. While borders have opened, many business in several key […]

Employment Taxes update 2022

At our annual Employment Taxes update for the Not-for-profit, Government and Corporate sectors we reviewed the latest tax news and the employment taxes impacts of the COVID-19 pandemic. During these webinars our tax experts provided an update on: New and topical developments including recent cases and ATO FBT compliance activity FBT recap and hot topics […]

Superannuation Reform

In the 2020-2021 Federal Budget, the Government announced the Super Reforms – Your Future, Your Super measure. A measure aiming to reduce employees accumulating multiple super accounts when moving jobs. These changes will come into effect from 1 November 2021. What is Super Stapling? Currently, where an employee does not nominate a complying superannuation fund, […]

SG minimum to increase 10% from 1 July 2021 – are you ready?

The Superannuation Guarantee (SG) rate will increase to 10% from 1 July 2021 under the Superannuation Guarantee (Administration) Act 1992 (Cth) (SGAA) and will rise by 0.5% per year until it reaches 12% by FY 2025. Employers need to start planning now for the change in the superannuation contributions. Total remuneration package Where employees are […]

Federal Budget 2021/22

Last night Treasurer Josh Frydenberg delivered the 2021 Federal Budget which was an extension of October’s 2020 COVID-recovery Budget, and focused on job creation and spending for individuals, in the wake of the pandemic. With an election looming, the conservative Budget included few surprises, continuing to give support to some key industries (but not all), […]

Wage theft criminalised in Victoria

Consider the related financial, reputational and compliance risks for your business. On 1 July 2021 wage theft became a crime in Victoria. The Wage Theft Bill 2020 creates new employee entitlement offences, comprising wage theft offences and new record keeping offences. It is designed to capture employers who falsify or fail to keep records for […]