Changes to numerous employment related financial thresholds which are listed every year have been proclaimed by the Australian Government. These are applicable from first July 2013.
Both the employer and employee will be required to enter into an agreement and the employee can be excluded from award coverage, if an employer assures an employee that he/she will receive more than the above income limit. For Unfair Dismissal Applications, an employer could be liable to pay a maximum compensation.
Related Posts
The Australian Taxation Office (ATO) has announced the publishing of Public and Multinational Business Disputes and Settlements Findings on 11 November 2024. This report offers valuable insights and key findings regarding disputes and settlements
Read More The Australian Taxation Office (ATO) released guidance on 3 November 2024, outlining how the thin capitalisation rules interact with other provisions. The thin capitalisation rules limit the amount of debt deductions you can claim. Regard must
Read More
The delegations from Australia and Ukraine convened for the inaugural round of negotiations on an income tax treaty from 8 October to 11 October 2024. The agreement will eliminate double taxation concerning taxes on income, capital, fringe
Read More The Australian Taxation Office (ATO) has published its Corporate Tax Transparency Report for 2022-2023, featuring data on the specified population on 1 November 2024. This year's Corporate tax transparency report analyses aggregated data from the
Read More
In a release on 25 October 2024, Croatia's Ministry of Finance announced that the delegations of Croatia and Australia had completed negotiations for an income tax treaty to eliminate double taxation on income and prevent tax evasion and avoidance
Read More The Australian Taxation Office (ATO) released an updated list featuring 132 Australian government entities registered on the Peppol network On 22 October 2024. The Peppol is an extremely secure network used to exchange business-critical
Read More
