The Australian Taxation Office has released the statutory interest rate applicable for FBT payments commencing from 1 April 2010.
Click on the attachment to download a copy of the ruling.
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FBT Interest Rate
It’s vital that everyone in your organisation has a written outline of their role; a position description.
Position descriptions clarify what you can ask your employees to do AND give you the back-up you need if they refuse to follow your instructions.
With the introduction of modern awards as at 1 January 2010 there are detailed classifications that apply to your business when remunerating your employees. If your position descriptions are incorrect you could find yourself subject to claims for backpay.
Writing detailed position descriptions can be time consuming and costly. We at Biz Momentum have developed a suite of Job Descriptions that comply with legislation, pre-written and cost effective.
Contact us today to see how we can assist you. www.biz-momentum.com (T) 07 33495662 or email info (AT) biz-momentum.com ‘We service you whereever you are located’.
The implementation of Modern Awards has opened up the possibilities of employers entering into Annualised Awards with their employees.
This provides that an employer may pay an employee an annual salary in satisfaction of certain provisions of the award such as;
1. Minimum weekly wages;
2. Allowances;
3. Overtime and penalty rates; and
4. Annual leave loading.
Where an annual salary is paid the employer must advise the employee in writing of the annual salary that is payable and which of the provisions of this award will be satisfied by payment of the annual salary. The annual salary must not disadvantage the employee and must be reviewed annually.
At Biz Momentum we can assist you in writing and implementing these agreements for your business.
Contact us www.biz-momentum.com (T) 617 3349 5662 (M) 61 409 002 365 – we work Australia wide.
There seems to be some confusion within the Chiropractic Profession in respect to the new modern award ‘the Health Professionals and Support Services Award 2010’.
We at Biz Momentum have assisted practices safely navigate the requirements of these changes resulting from award coverage and the new Fair Work Act.
You can help yourself by contacting us www.biz-momentum.com (T) 61 7 3349 5662 (M) 61 409 002 365 We work Australia wide.
An employer and an award/agreement-free employee (such as an Accountant, Human Resource Professional and Lawyers to name a few employees in award free categories) can agree to the employee cashing out a particular amount of the employee’s accrued annual leave.
There are rules in what an employer must do to cash out annual leave. For further information please contact Biz-momentum www.biz-momentum.com (T) 617 3349 5662 (M) +61 409 002 365. ‘Servicing Australia in all states and territories’.
A “DELIBERATELY dishonest” manager sacked after colluding with his colleagues to defraud his employer has had the manner of his dismissal ruled unreasonable by Fair Work Australia.
In the latest decision to concern employers, the tribunal found that the employee’s admission that he had taken money from his employer, Kings Transport and Logistics, warranted his termination.
Fair Work said the employee’s actions were “deliberately dishonest” and he had “conducted himself in a manner fundamentally inconsistent with the basic expectations of an employee”.
But while the tribunal found the reason for his sacking was valid, it ruled that it was unreasonable because of the way the company had investigated the allegations.
“The evidence before me indicates that Kings has demonstrated an entirely inconsistent approach to the employees involved in this behaviour,” it said.
“This could only be described as managerial incompetence”.
The message is clear; conduct procedures and processes professionally.
see www.biz-momentum.com to assistance.
If you have employees working from home you are responsible for their health and safety.
You must provide training, instruction, direction, supervision to ensure their home workplace is safe. You are also responsible for any reasonable changes made to their working environment to eliminate or reduce workplace risk.
Discrimination is increasingly becoming a favourite method that employees are taking up to seek compensation and redress against employers.
A business was fined $60,000 recently for terminating the employment of 3 people because they were union members.
Fair Work is here with all its changes and modern awards. Some practical goals for your business 2010 ‘New Year’s’ resolutions maybe;
1. Review and update your employment agreements for the new changes to be legally compliant;
2. Review your policies and procedures; are they compliant with your employment obligations;
3. Re-induct your employees to remind them of their obligations and remember that if you cannot prove your employees were regularly updated you will be held responsible in the event of a workplace incident.
Fair Work Australia has announced that cashing out of annual leave will now not be permitted under the new Modern Awards that commence 1 January 2010.
All awards are considered safety net entitlements and cashing out of annual leave could undermine these entitlements and conditions.
For further information speak with Philip Lye or visit us at www.biz-momentum.com for additional information designed to assist your business with meaningful practical solutions.