Make sure that your wage payment details are compliant
29 March, 2018
It is vital that you provide your employees with all the details of their entitlements in regard to payments. This is a legal requirement and ensures that you are protected in the event of any inquiry undertaken by the Fair Work authorities. Every pay slip must show the the following details:
The employer’s name and ABN
The employee’s name and classification
The date of payment
The pay period to which the payment relates
Date of payment
If the employee is paid at an hourly rate, the:
o Ordinary hourly rate
o Number of hours in that period for which the employee was employed at that rate
o The amount of the payment at that rate
(It should be noted that even if the employee is not paid an hourly rate the pay slip needs to show what the equivalent hourly rate would be)
Any loadings, allowances, bonuses, incentive based payments, penalty rates or other paid entitlements separated from the employee’s ordinary hourly rate
Gross amount of the payment
Net amount of the payment
Details of any extra payment such as allowances or penalty rates and details of any deductions
If superannuation payments are to be made, the amount of the contribution and the name of the superannuation fund into which the contribution is to be paid.
The sick leave and annual leave that the employee has accrued to date.
Under no circumstances should you pay your employees in cash without the appropriate deductions being made as referred to above.
Heavy penalties can be imposed for non-compliance with fulfilling the pay slip requirements.
If members require assistance in this area they should contact MGA TMA’s legal and HR team on 1800 888 479 (line 1).