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From January 1, 2025, the intentional underpayment of wages is a criminal offence in Australia under the Fair Work Legislation Amendment (Closing Loopholes) Act 2023 Laws: Is Your Payroll Ready? Australia Changes Its Wage Theft
Author: Vidhi Kachru Vidhi is a seasoned solution lead, managing the solution lifecycle from discovery to delivery with over 12 years of experience in the industry. Vidhi has experience of working with major HCM and Payroll applications which helps her understand the typical challenges of growing organizations and complex payroll landscape. Working with Ramco Oceania region for 6+ years Vidhi has onboarded multiple customers on the platform to ensure their solution vision is achieved.
T his requires urgent overhauls of the payroll system, creating an opportunity for payroll managers to become strategic leaders. With penalties of up to 10 years’ imprisonment for individuals and
fines of $7.825 million for companies, payroll accuracy is now a legal risk function. This places the accountability for wage theft on employers, rather than on software vendors or processing companies. Are payroll teams ready for this new reality?
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GLOBAL PAYROLL MAGAZINE ISSUE 12
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