Understanding Payroll Compliance in Australia: What You Need to Know

Payroll compliance is a critical aspect of running a business in Australia. Staying compliant ensures your employees are paid correctly and that you meet legal obligations. Here’s what you need to know:

Key Payroll Compliance Requirements:

✔ Fair Work Act 2009 – Ensures employees receive the correct minimum wage, entitlements, and conditions.

✔ Superannuation Guarantee (SG) – Employers must contribute 11% of an employee’s salary to their super fund.

✔ Single Touch Payroll (STP) – ATO-mandated reporting system that requires employers to report wages, tax, and super contributions in real-time.

✔ Award Rates & Entitlements – Industry-specific awards determine penalty rates, overtime, and allowances.

✔ Leave & Termination Pay – Employers must calculate annual leave, sick leave, and final payouts correctly.

How Thrive Can Help:

• We ensure your payroll system meets all compliance requirements.

• We automate and streamline payroll processing.

• We manage superannuation and tax obligations, so you don’t have to.

  
  

Need help with payroll compliance? Book a free consultation today.