MEDIUM TO large employers (those with 20 or more employees) must complete their SuperStream implementation by no later than 30 June 3015. This deadline has now been extended by the ATO to 31 October 2015.
For small employers with 19 or less employees, SuperStream implementation started on 1 July this year and implementation must be completed by 30 June 2016.
Employers needing more assistance can contact First Super on 1300 360 988 or the Australian Taxation Office on 13 10 20.
High Income Threshold 2015 -16
The high income threshold for those claiming unfair dismissal has increased to $136,700 from 1 July 2015. When the Fair Work Act was introduced in 2009 the cap was $108,300. Employees who earn more than the threshold are not entitled to compensation or reinstatement under the Fair Work Act 2009 unfair dismissal provisions unless that employee is covered by a modern award or an enterprise agreement.
The following payments are included in the high income threshold: • Wages; • Salary sacrifice amounts; • Agreed value of non-monetary benefits (e.g. mobile phone, computers, etc); Other payments that can be determined in advance, e.g. regular overtime.
Payments that cannot be determined in advance, e.g. reimbursements and superannuation contributions made by the employer on behalf of the employee, are not included when calculating the high income threshold.
Senate Rejects Government’s Fair Work Unions Bill
The federal government’s bill to impose financial management requirements on trade unions was narrowly defeated in the Senate on 17 August. This was the second time the Fair Work (Registered Organisations) Amendment Bill 2014 has been voted down, with cross bench senators combining with Labor and the Greens to narrowly defeat the government 34-33.
The bill would also have increased civil penalties and introduced criminal penalties on officers who breach their duties. The bill’s defeat hands the government a double-dissolution option, although it is unlikely to be used at this time.
TTIA will keep Members informed of any further developments.
Fair Work Information Statement (FWIS)
Employers are reminded that when taking on new employees, apart from issuing them with the normal letter of appointment, the National Employment Standards state that all new employees should be provided with a current copy of the FWIS.
An up-to-date copy is available on the TTIA website, or Members are welcome to request a copy by email on ttia@ttia. asn.au