Perhaps you have noticed that a lot has been happening in the way of payroll lately, particularly the increase to the minimum wage, and now the changes to the Government’s Paid Parental Leave scheme (PPP).
If you’ve been following our recent posts about payroll, you know it’s the payroll professional’s responsibility to make sure any mandatory changes are carried out, so we’ve put together a cheat sheet on the changes to the PPP.
Expansion of the Paid Parental Leave Scheme
On 1 January 2013, the Australian Government expanded the Paid Parental Leave scheme to include a two-week payment for working dads or partners called Dad and Partner Pay.
The Paid Parental Leave scheme, which provides a maximum of 18 weeks pay at the national minimum wage, applies to eligible primary carers of newborn or adopted children born on or after 1 January 2011.
From 1 July this year, the Paid Parental Leave scheme has also increased from $606.50 to $622.10 per week before tax, while the daily rate increases to $124.42 per day.
Because of the way paid parental leave works (the government pays the employer who then pays the employee) you need to keep thorough records of any paid parental leave in addition to your usual record-keeping requirements, such as:
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For more information about the Paid Parental Leave scheme, visit the Department of Fairwork website or Centrelink’s Dad and Partner Pay website.
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