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VES Insights | January 2025

Writer's picture: Faye AbsalonFaye Absalon


VES Insights, your go-to newsletter for the latest in bookkeeping, automation, AI, Xero tips, and essential ATO updates to keep you informed and on track. From simplifying your bookkeeping to harnessing the power of automation and AI, our newsletter is packed with valuable tools and reminders to help you stay ahead.




Comprehensive Updates to Modern Award Classifications and Minimum Pay Rates


Starting January 2025, Australian businesses must adapt to new rules on pay classifications, introductory roles, and minimum wages. These changes aim to create fairer workplaces and ensure compliance with legal obligations. Industries like aviation, manufacturing, and agriculture are now adapting to phased updates, with the first round having taken effect on January 1.


 

Wage Theft Becomes a Criminal Offense: Are You Ready for 2025?


Employers are faced with major challenges as wage theft becomes a criminal offense in Australia. This legislation prohibits deliberate underpayment of wages and withholding entitlements such as superannuation, overtime, and leave. Failure to comply can result to hefty fines and even jail time, making compliance essential.


 

Understanding the New Right to Disconnect Law


Did you know that work-life balance is now a legal priority in Australia? The new Right to Disconnect law, which rolled out in August 2024 for larger businesses and are set to take effect in August 2025 for smaller ones, give employees the right to decline work-related communications outside of scheduled hours, with few exceptions.




Disclaimer: This newsletter is intended to provide general guidance and is not specific advice. We encourage you to seek tailored advice for your circumstances.






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