Payroll and HR in Australia

Local Information

Local Time (LIVE):4:57 PM
Local Currency:$1 = $1.45
Business Language(s):English
Tax Year Dates:1 July – 30 June

 

With one of the worlds largest and most lucrative economies, Australia is an exciting and opportunistic location to do business. It’s also in close proximity to Asian and Pacific economies, and has had a strong period of economic growth. It’s easy to see why many consider it.

Whilst Australia has the appeal of speaking the same language and having a similar culture, it does have its challenges when it comes to doing business. There are three time zones to consider, and extreme weather can disrupt business at certain times of year. However, one of the hidden challenges often not considered is the challenge of Australian payroll and HR.

With tax considerations including Medicare contributions and levy surcharges, it can be an additional stress you don’t need. That’s why FMP Global are here to help take away the added responsibilities and handle the compliance ourselves.

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Details correct at time of publication. You should not rely on these details without first seeking professional international advice.

Employer Must-Dos

In Australia, the following reports must be submitted to strict deadlines.

  • Monthly PAYG activity statements
  • Annual summary of PAYG withholding
  • Income tax returns

Payroll in Australia

What tax considerations are there?

In Australia, income tax is based on the amount your employees earn, using a sliding scale of tax. In addition to income tax, employees must have medicare contributions deducted at 2% to pay for Australian healthcare. They will also need to pay the Medicare levy surcharge if they do not have an appropriate level of private patient hospital cover.

As with other countries, there is also corporate tax to consider, and state-based taxes apply in some instances.

HR in Australia

What are the regular working hours in Australia?

Regular working hours in Australia are 9:00 am to 5:00 pm, Monday to Friday.

Termination

The rules for dismissal in Australia must follow Commonwealth workplace laws regulated by the Fair Work Ombudsman and the Fair Work Commission. Employees cannot be terminated on unfair dismissal grounds laid out by these parties.

If an employee is to be dismissed on grounds related to performance and conduct, they must be given an opportunity to be heard before dismissal, and must have been given a warning prior to dismissal.

Find Out More About International Payroll

Download our international payroll guide for more information on global payroll and HR, as well as key considerations when expanding your business.

Download Our Guide

FMP’s Australian Payroll and HR Solutions

Whether you need payroll and HR in Canberra, Sydney or Perth, FMP Global can help. We have the experience you need to ensure your business remains compliant with Australia’s employment laws and regulations. Our services include but are not limited to:

  • Employment Contracts
  • Payroll Processing
  • Handling of payments (salaries)
  • Annual declarations (lodging, apprenticeship & training taxes for concerned companies)
  • Relations with social bodies
  • Regulatory Compliance
  • Tax and Labor Law Consulting
  • Assisting in payroll audit (or payroll department audit)
  • Handling of confidential payroll
  • Assistance in company restructuring plan
  • Assistance in implementation of procedures
  • Assistance with start-up (in link with lawyers)

Stay Compliant with Australian Payroll

Speak to an FMP Global specialist today and let us help you achieve successful global expansion. We’ll make sure your payroll and HR processes remain compliant.

Start your International Expansion Today