Adapting to Economic Changes: The Superannuation Guarantee Increase in Australia from 1st July 2024
The Australian Government—Australian Taxation Office confirmed that the Superannuation Guarantee (SG) rate in Australia will increase from 11% to 11.5% starting 1 July 2024. Understanding the Change The Superannuation Guarantee is a mandatory system in Australia where employers contribute a percentage of an employee’s earnings into their superannuation fund. This rate is set to rise […]
Australia Statutory Updates 2024
Here are Australia’s statutory updates for 2024. 2026 Changes to Superannuation Superannuation is currently paid at least quarterly. However, starting from July 1, 2026, it is proposed that employers will be required to pay their employees’ superannuation concurrently with their wages. This change will allow employees to monitor their entitlements more effectively, ensuring timely and […]
FAQ: Hiring employees in Australia
Learn more about hiring employees in Australia from some of these frequently asked questions about background checks, the distinction between contractors and employees, etc. Stay informed and ensure you are complying with Australian employment laws. Background Information Can I perform background checks on applicants? What if I used a third-party service provider? To filter applicants, […]
