Australia

Currency Australian Dollar
Payroll Frequency Bi-Monthly/Monthly
Capital Canberra
Date Format dd/mm/yyyy
VAT GST is 10%.

Employer of record Services
TopSource offers complete payroll, EOR and contractor management services for Australia. TopSource provides Employer of Record services to global companies establishing a presence in Australia that do not wish to be burdened with the complications of Australia employment regulations.
TopSource serves as an outsourced Global Employment Solutions provider. We provide comprehensive employment services such as payroll, payroll related compliances, leave and attendance administration, HR management, and assistance with employer compliances.
If you have an established presence in Australia, our payroll bureau services are available. But if you are seeking to avoid the complications of a subsidiary—or wish to establish a presence quickly an convert to a subsidiary later—our EOR service is ready to support you today.

Services we offer

Payroll Processing
• Payroll bureau solutions for your Australian entity
EOR
• Employment solutions/leasing • Providing documents associated with employment
• Employee on-boarding process and documentation • Monthly salary calculation
• Salary disbursement to employee’s account • Pay slip generation (If applicable)
• Employee statutory benefits administration and deduction
Supplementary services
• Foreign exchange and money transfer services for payment of employees and 3rd parties

Company formation in Australia
We can help with company registration, company incorporation along with all the necessary documentation in Australia. We can also assist foreign companies to smoothly setup a company anywhere in Australia.

Statutory Compliances
We offer high-quality corporate statutory compliance services in Australia. Our services meet highest standards and meet all your compliance requirements.

  • Minimum Wage

    The national minimum wage is $18.93p/h

  • Taxes
    Employer
    Payroll Tax 5.45%
    Medicare Up To 12%
    Pension Fund 9.5%
    Employee
    0% – Income up to AUD 18,200
    19% – AUD 18,200 – 37,000
    32.5%% – AUD 37,000 – AUD 90,000
    37% – AUD 90,000 – AUD 180,00
    45% – AUD 180,000 and over
About Employment in Australia

Expat Benefits

If an expat is moved to Australia with the intent to move back to their home country afterwards and for a specified amount of time, leaving their property in their home country available and not rented out then they may be eligible for benefits. These benefits are called ‘Living Away From Home Allowance’ this will include moving and domestic expenses as part of their salary at a tax free rate and can also include a tax reduction on holidays with their family.

Holiday /Sick days

Employees are entitled to 4 weeks of vacation.
An employee is entitled to 10 sick days per year. There are two different categories of sick days, sick leave for when the employee is sick or injured and carers leave for when the employee has to take time off to care for sick/injured immediate family or help during a family emergency.

Maternity Leave

Primary carers of new born or adopted children get up to 18 weeks leave on the national minimum wage. Payments are made from the Australian government to the employer who then pays the employee.

Paternity Leave

Working fathers and partners (including same-sex partners) are eligible for 2 weeks leave paid at the national minimum wage directly from the Australian Government to the employee.

Pension

Mandatory occupation pension (Superannuation) is comprised of funds from the employer and government.
  • Employer – 9.5% of employees earning (planned to increase gradually from 2021 to 12% in 2025)
  • Government – depends on employees’ annual income.

Termination/Severance

Written notice must be given with a notice period of 4 weeks required for employees who have been employed for 5+ years, 3 weeks notice required for 3-5 years, 2 weeks required for 1-3 years or if the employee has been in the company for less than a year, one week notice is required by the employer. Severance payment is given based on continuous period of service, and pay rate is given for ordinary hours worked.
  • At least 1 year but less than 2 years       4 weeks
  • At least 2 years but less than 3 years       6 weeks
  • At least 3 years but less than 4 years       7 weeks
  • At least 4 years but less than 5 years       8 weeks
  • At least 5 years but less than 6 years       10 weeks
  • At least 6 years but less than 7 years       11 weeks
  • At least 7 years but less than 8 years       13 weeks
  • At least 8 years but less than 9 years       14 weeks
  • At least 9 years but less than 10 years       16 weeks
  • At least 10 years       12 weeks
To learn more, contact us now.

Contact Sales

0203 6915303
contactus@topsource.co.uk

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