Home' OsteoLife : OsteoLife Winter 2015 Contents 18 Osteopathy Australia
he first relates to the superannuation ‘Superstream guarantee.’
Employers of businesses with fewer than 19 employees will
be required to use the Superstream system as of 1 July 2015.
Businesses with more than 20 employees must complete their
transition process by 1 July 2015. The transitional period for businesses
with less than 19 employees to the Superstream system will end on
30 June 2016.
Superstream is a government initiative that aims to simplify the
process of making super contributions for employees, by integrating
some of the process involved in complying with the superannuation
guarantee. These processes include making contributions for each
employee to their respective fund regardless of the fund provider or
type of fund, making choice contributions to self-managed super
funds, facilities for registering employees with default funds and
facilities for updating employee details with their fund. It will
ensure that contributions are made in a regular, timely manner
and are recorded more accurately, both of which will help to
reduce payroll costs.
Superstream requires employers to make employee super
contributions electronically using a new online system program on the
Australian Taxation Office website. From 1 July 2015 onwards, other
methods of making super contributions such as by paper, by email, or
cheque will become redundant.
To prepare for Superstream, employers will have to either update
their existing payroll software, consider outsourcing to a payroll
provider or consider using a superannuation clearing house.
AnnuAl WAge RevieW
The second major change is the annual wage increase from the Fair Work
Commission (FWC) for all National System Employers. National System
Employers are all incorporated employers in all states and unincorporated
businesses in all states, except unincorporated businesses in Western
Australia (WA). The FWC will announce its annual minimum wage
increase decision in June 2015 (the exact date is unknown at this stage).
The increase is commensurate with the yearly increase to the
Consumer Price Index (CPI) and will be applied to the wage rates
in all modern awards and the national minimum wage (currently
$16.87/hour). The increase may also be applied to allowances in
some modern awards. The Western Australian Industrial Relations
Commission (WAIRC) will also release its annual minimum wage
increase in July (exact date not yet known). The increase will apply to
all Western Australian (WA) unincorporated businesses that operate
under state awards and the state minimum wage case.
The HR Advisory Service will release updated wage rate guides
that reflect the changes to wage rates in the relevant award for both
national system and state system employers, between late June and
mid-July 2015. The increases to award rates and minimum wages are
to be applied as of the first pay period on or after 1 July 2015.
Employers are advised to continue to check the online HR resource
library from 1 July 2015 for updates so that they can make changes to
their pay rates if necessary. It should be noted that the rate of pay an
employer may be currently paying may satisfy the current minimum
award rates, however this may not be the case after the increases in
July 2015. Employers will therefore need to ensure they increase the
pay rates of any employee whose pay rate falls below the increased
award wage rates to ensure their employees are not being underpaid.
FouR YeAR AWARd RevieW
It is worth noting that the four yearly award review process through
the FWC is still continuing. The outcomes of this process could
potentially result in changes to award entitlements relating to the span
of ordinary hours, penalty rates and loadings and annual leave
entitlements. The Osteopathy Australia HR Hotline will release further
updates as the review process progresses. Employers are advised to
continue checking the online library of HR resources and monthly
publications for further updates.
EmploymEnt Relations changes
Two important employment relations changes, which will affect the way small businesses
operate, will occur from 1 July 2015.
For further information on any of the information in this
article or other HR inquiries please contact the Osteopathy
Australia HR Hotline on 1300 143 602 between 8:30am and
5:30pm AEST Monday to Friday, or email your enquiry to
email@example.com. Alternatively, members can
access the HR online resource library from www.osteopathy.
org.au under ‘HR Plus’ after login to the member’s area.
“EmplOyErs ArE AdvisEd TO
cOnTinuE TO check the online
hR ResouRce libRARY frOm 1
July 2015 fOr updATEs.”
2/06/2015 3:26 pm
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