The legislative and regulatory changes we list here are from Australian governments (territory, state and federal), New Zealand Government, as well as industry regulators such as the Fair Work Commission, Services Australia and the Australian Taxation Office.
National Day of Mourning Public Holiday
The National Day of Mourning for Her Majesty the Queen Public Holiday was announced in Australia for Thursday 22 September 2022 and New Zealand announcing Queen Elizabeth II Memorial Day Public Holiday to be held on 26 September 2022. We’ve prepared a guide to make it easy for SaaS and On Premise customers to reflect this new Public Holiday within Aurion and we’re delivering this change for our Managed Payroll Services customers – information about this change can be found here.
Updated STP2 Guidelines
Late May/early June the ATO updated their STP2 guidelines, visit the ATO website for a copy of the most up to date guidelines.
Payroll tax rate change for New South Wales
As a result of the temporary rate reduction ending due the COVID-19 pandemic, NSW payroll tax rates are set to change. NSW Employers will need to ensure they use the correct tax rates to accurately calculate their payroll tax liability on taxable wages paid after that date.
Family and Domestic Violence Leave to become law
An amendment to the Fair Work Act 2009 to replace the current entitlement in the National Employment Standards to five days of unpaid family and domestic violence leave in a 12-month period with an entitlement to ten days of paid leave for full-time, part-time and casual employees will soon be introduced.
New indexed figures for 2022/23
The ATO has published new rates and thresholds that apply to contributions and benefits, employment termination payments, super guarantee and co-contributions.
Super changes from 1 July 2022
The Treasury Laws Amendment Bill 2021 has received Royal Assent and became effective from 1 July 2022, it will remove the:
- $450 per month threshold to expand coverage of super guarantee to eligible employees
- work test for individuals aged between 67 to 75 years old for making personal and salary sacrificed contributions to their superannuation funds.
Child Support Protected Earnings Amount
From 1 January 2022 the weekly rate for the Child Support Protected Earnings Amount (the part of an employee’s or contractor’s wages that are exempt from child support deductions) is $429.98.
Mental health and wellbeing levy (payroll tax surcharge) in Victoria
The payroll tax surcharge on wages paid in Victoria by businesses with national payrolls over $10 million a year commenced on 1 January 2022. The surcharge is being used to fund mental health and wellbeing support services.
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Last modified: 15 September 2022
