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Minimum Wage Increase
15th June 2012
Following Fair Work Australia’s recent announcement of a 2.9% increase to the minimum wage in the Modern Awards to take effect 1 July 2012, the BMO Business Centre is urging all employers to review their remuneration arrangements to ensure they are meeting their employee salary and wages obligations.
Also as important, some allowances specified in the Modern Awards will also be affected as the new rate will affect the standard rate. Therefore, employers also need to review their allowance payments to ensure they are not underpaying their employees.
The adult national minimum wage will also increase as part of the review and those employees not covered by a Modern Award will still be affected by the minimum wage increase of $17.10 per week.
If any employer is unsure about their obligations on whether they are adequately remunerating their employees, they are encouraged to contact our Practice Manager, Barry Jordan or the Human Resources Advisor, Sarah Shaw at the BMO Business Centre who can assist in ensuring that your business is fulfilling its salary and wages obligations, 4662 3722.
Where is the market taking you?
31st May 2013
Will you benefit from this years’ budget? How is the Australian economy performing and what does the future hold? Find out at Breakfast at BMO with Tony Harte. Read More
BankLink Books Software Update
10th May 2013
Important upgrade for Banklink Books clients. If you are currently using the BankLink Books program you are required to upgrade your software. Please read instruction carefully. Read More
Use the rate cut wisely
8th May 2013
The Reserve Bank’s decision this week to cut interest rates by 25 basis points to a historic low of 2.75 per cent has come as a surprise to many economists who had expected the RBA to wait until June or later to lower rates. Read More