Are You Ready for the New Wage Theft Laws?
Big changes are here for Australian businesses. The introduction of wage theft laws makes the intentional underpayment of wages a criminal offence, with penalties including:
- Fines of up to $7.825 million for corporations.
- Up to $1.565 million for individuals (or three times the underpayment).
- Jail time of up to 10 years for egregious breaches.
These laws aim to protect workers, but they also put significant pressure on businesses to ensure compliance. Are your HR and payroll systems ready to meet these challenges?
That’s where HR Advice Online comes in!
The below video explains the legislation, what it means for your business, and how you can safeguard against non-compliance.
https://youtu.be/qeWQrVYPo1Y
Information in HR Advice Online guides and blog posts is meant purely for educational discussion of human resources issues. It contains only general information about human resources matters and due to factors, such as government legislation changes, it may not be up to date at the time of reading. It is not legal advice and should not be treated as such.
