Avoid Fair Work record keeping penalties
Fair Work’s new Amendment (Protecting Vulnerable Workers) Act 2017 commenced on 15 September 2017. Maximum individual (accessorial liability) penalties are now at $12,600 – and employer penalties are at $63,000, per:
- record keeping;
- payslip or
- workplace law breach.
A NSW business and its former director were penalised* close to $30,000 for providing false records. Fair Work Ombudsman (FWO) Natalie James said, “While we appreciate bookkeeping for employers can seem complex, it is completely unacceptable for an employer to fail to keep accurate records...”
Read and print our handy guide to learn how you can reduce your risk. Find out what FWO and the Australian Tax Office stipulate as the required records that all employers need to create and maintain regarding each employee.
ADP also offers specialised payroll and HR legislation training. Each course is expertly designed to give payroll professionals, HR practitioners, business owners, accountants and bookkeepers valuable compliance knowledge.
*Trolley-collection operator penalised for false records, 23 May 2017, FWO Media Release
+Fair Work Ombudsman puts business on notice over underpayments, 9 Mar 2017, Australian Financial Review