With wage costs increasing across the industry, Pay Cat has made a key update that keeps you compliant with the Award while spotting wage cost increases before they happen.
Exceeded Reimbursed Km's
One of the key updates includes the addition of a new pay category and tag for employees who exceed 5000 reimbursed kilometres in a year. This adjustment ensures that all associated payments are correctly categorized as taxable, streamlining payroll management and compliance.
Resolving Clause 25.7(e) Minimum Engagement Issues
Issues with the application of the minimum engagement under clause 25.7(e) have been thoroughly addressed. We have taken into account variations across different sectors to ensure consistent and fair application of these rules.
Back to topAmending Clause 25.7(e) Rules for Double Time Penalty Rates
To enhance clarity and accuracy, we have amended the rules under clause 25.7(e) to properly track cases where employees are already covered by clause 25.6(f), which pertains to double-time penalty rates. This adjustment ensures that penalty rates are applied correctly according to the specific circumstances of each employee.
Adjustment to First Aid Weekly Variants for SACS Workers
For SACS (Social, Community, and Disability Services) workers, we have adjusted the first aid weekly variants to apply a maximum of 1 unit per week. This change simplifies the administration of first aid allowances while ensuring compliance with industry standards.
FY25 Rate Increases
Lastly, we have implemented rate increases for FY25 to reflect current Fair Work increases and updates. These adjustments aim to provide fair compensation to employees while supporting sustainable business operations.
- Award rate increase
Increase of 3.75% - Super Rate Increase
Increase to 11.5%. Base Limit is now $65,070 per quarter - PAYG Withheld
Decreases across the board - no action required - Cents per KM
ATO threshold now at $0.88 - taxable above this - Payroll Tax Victoria
Annual threshold increased to $900k
Note that these updates apply from the first full pay period after the 1st of July 2024; so if you’re still running pay runs including timesheets in June, you should hold off on applying the updates until after these timesheets have been processed.For a tutorial on how to apply these updates, You can have a look here.