Law changes for business in 2018
Stay up-to-date with law changes that might affect your business…

National minimum wages increase
From 1 July 2018, the national minimum wage will increase in Australia on 1 July 2018 by 3.5%.
The new national minimum wage is $719.20 per week, for a 38-hour week, or $18.93 per hour.
Single Touch Payroll
From 1 July 2018, the Australian Taxation Office (ATO) will introduce the Single Touch Payroll (STP). If you employ 20 or more employees, you will need to report to the ATO each time you pay your employees. The information you need send to the ATO includes your employees’ salaries and wages, allowances, deductions (for example, workplace giving) and other payments, pay as you go (PAYG) withholding and superannuation.
Country of origin food labelling
From 1 July 2018, if your business grows, produces, manufactures, distributes, imports or sells food in retail stores in Australia, you will need to comply with the new Country of Origin Labelling laws. This means food products sold in Australian supermarkets or retail outlets must display the new food labels.
Changes to gift card expiry dates and fees for NSW
From 31 March 2018, gift cards and gift vouchers purchased in NSW will have a three year expiry date. NSW businesses that issue gift cards or gift vouchers will need to honour the purchase if it’s within that period. Businesses issuing gift cards or gift vouchers prior to this date are not affected by the changes.
Updates to the National Privacy Act – Data Breach Changes
From 22 February 2018, businesses with an annual turnover of more than $3 million are required to comply with the Notifiable Data Breaches scheme under the Privacy Act 1988. A data breach occurs when unauthorised personal information is accessed or released. If the breach is likely to cause serious harm to an individual, businesses are obligated to notify both the individual involved, and the Office of Australian Information Commissioner (OAIC).
Changes to casual & part-time entitlements in some awards
From 1 January 2018, the Fair Work Commission made changes to some award rates and minimum shift entitlements for casual and part-time employees come into effect. This means business owners need to pay staff affected the updated award from the first full pay period after 1 January 2018.
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