Newcastle Accountants Newcastle Accountants
  • Home
  • About Us
  • Why Us
    • Testimonials
  • Accounting Services
    • Business Accountants
    • Business Tax & Compliance
    • Starting a Business
    • Looking to grow your business
    • Self Managed Super Funds
    • Wealth Management
    • Tax Planning
    • Tax Returns
    • Tax Advisors
  • News
    • Articles
    • Newsletters
  • Contact Us
Newcastle Accountants
  • Home
  • About Us
  • Why Us
    • Testimonials
  • Accounting Services
    • Business Accountants
    • Business Tax & Compliance
    • Starting a Business
    • Looking to grow your business
    • Self Managed Super Funds
    • Wealth Management
    • Tax Planning
    • Tax Returns
    • Tax Advisors
  • News
    • Articles
    • Newsletters
  • Contact Us
Aug 30

New high income threshold

  • August 30, 2016
  • accounting, Business

The Fair Work Commission has increased the high income threshold for unfair dismissals from $136,700 to $138,900 per annum, with effect from 1 July 2016.

Under the Fair Work Act 2009, employee who exceed earnings above the high income threshold are not entitled to make an unfair dismissal claim against their
employer, unless they are covered by an award or enterprise agreement.

The Fair Work Act 2009 deems an employee’s annual rate of earnings as employee wages, any amounts applied or dealt with on the employee’s behalf, such as
salary sacrificing, and the agreed value of any non-monetary benefits i.e. a car, mobile phone, laptop, etc.

Reimbursements, superannuation contributions and payments which cannot be determined in advance, such as overtime and bonuses, are not considered when
calculating the high income threshold.

Employees are eligible to claim for unfair dismissal if they have completed the minimum employment period of:

  • 12 months – where the employer employs fewer than 15 people, or
  • 6 months – where the employer employs more than 15 people.

When considering an employee’s dismissal, employers need to be aware of the new threshold and whether a modern award or enterprise agreement applies
to an employee. Small business owners must comply with the Small Business Fair Dismissal Code to ensure they have grounds to object an unfair dismissal
application, in the case where a matter goes to a hearing.

 

For more information contact us at Leenane Templeton on 4926 2300 or email success@leenanetempleton.com.au

  • Facebook
  • Twitter
  • Reddit
  • Pinterest
  • Google+
  • LinkedIn
  • E-Mail

Comments are closed.

Archives

  • November 2017
  • September 2017
  • July 2017
  • June 2017
  • May 2017
  • April 2017
  • March 2017
  • February 2017
  • November 2016
  • October 2016
  • September 2016
  • August 2016
  • July 2016
  • June 2016
  • May 2016
  • April 2016
  • March 2016
  • February 2016
  • January 2016
  • December 2015
  • November 2015
  • October 2015
  • September 2015
  • August 2015
  • July 2015
  • June 2015
  • May 2015
  • April 2015
  • March 2015
  • February 2015
  • January 2015
  • December 2014
  • November 2014
  • October 2014
  • September 2014
  • August 2014
  • July 2014
  • June 2014
  • May 2014
  • April 2014
  • March 2014
  • February 2014
  • January 2014
  • December 2013
  • November 2013
  • October 2013
  • September 2013
  • August 2013
  • July 2013
  • June 2013
  • May 2013
  • March 2013
  • February 2013
  • January 2013
  • December 2012
  • October 2012
  • September 2012
  • August 2012
  • July 2012
  • June 2012
  • May 2012
  • April 2012

Categories

  • accountants
  • accounting
  • ATO
  • banking
  • budget
  • Business
  • Business Accountants
  • Business Advice
  • business insurance
  • Business Marketing
  • business strategies
  • cashflow
  • CGT
  • dividend
  • Employment
  • end of financial year
  • estate planning
  • FBT
  • Federal Budget
  • Financial Advisors
  • Financial Planning
  • GST
  • Health
  • insurance
  • International Market
  • Investment
  • Investment property tax deductions
  • Legal
  • Lifestyle
  • managed funds
  • Marketing
  • Medicare
  • money
  • Newcastle Business Accountants
  • Newcastle Tax Advice
  • News
  • Offshore Income
  • PAYG
  • Property Investment
  • small business
  • SMSF
  • Sports
  • Staff
  • Super
  • superannuation
  • Tax
  • Tax advice
  • Tax Deductions
  • Tax tips
  • Travel
  • Year-end
© 2023 Leenane Templeton Disclaimer and Privacy Statement. Website created by Harlan @ Leenane Templeton

Liability limited by a scheme approved under Professional Standards Legislation.