#2
#2
Payroll compliance in Australia can be complex, especially for growing businesses trying to stay aligned with Fair Work and ATO obligations. Employers must ensure that employees are paid according to modern awards or enterprise agreements, including overtime, allowances, and penalty rates. Regularly updating payroll systems to reflect award changes and tax thresholds is vital.
Superannuation contributions must be paid quarterly at minimum, and Single Touch Payroll (STP) reporting is mandatory for all employers. Leave entitlements such as annual leave, personal leave, and long service leave must be calculated and recorded accurately. To stay compliant, it is essential to invest in reliable payroll software and conduct internal audits.
Non-compliance can result in hefty penalties, audits, and reputational damage. Beyond avoiding fines, payroll compliance builds trust with employees and reflects the company’s commitment to fairness and transparency. It is not just a finance task—it’s an HR responsibility too.