In this article...
- Introducing PEO in Australia
- What types of employment contract are there in Australia?
- What mandatory clauses must be included in an Australian employment contract?
- How do you amend an employment contract in Australia?
- What makes a contract invalid in Australia?
- What are the minimum employee entitlements in Australia?
- What are the mandatory benefits in Australia?
- Is private health insurance available in Australia?
- Can employees receive stock options in Australia?
- Are there any other benefits available to employees in Australia?
- What is the minimum wage in Australia?
- What is the standard work week in Australia?
- What are the statutory public holidays in Australia?
- What are the overtime rules in Australia?
- What are the standard leave policies in Australia?
- Are alternative work arrangements possible in Australia?
- What is the required documentation for onboarding in Australia?
- How do you register an employee in Australia?
- What are the contract signing requirements in Australia?
- Can companies implement their own onboarding in Australia?
- What rules concern the base salary in Australia?
- How are bonuses and commissions handled in Australia?
- How are allowances handled in Australia?
- How is individual income tax handled in Australia?
- What are some other payroll considerations in Australia?
- How are expenses handled in Australia?
- Who makes the decision to terminate an employment contract in Australia?
- What is the procedure to terminate an employment contract in Australia?
- How are final pay and accrued leave handled in Australia?
- How is severance pay handled in Australia?
Introducing PEO in Australia
Australia is ranked third in the world for economic freedom, just behind Singapore and New Zealand. This score, compiled annually by the Heritage Foundation, assesses factors such as the rule of law, government size, regulatory efficiency, and open markets. Australia scores highly in all these categories and has done so since the inception of the index.
Despite a 4.2% economic contraction due to the COVID-19 pandemic, Australia’s economy remains strong, with a GDP per capita of USD 55,060. The country’s major industries include financial services, insurance, tech, mining, and agriculture. Moreover, the diversity and strength of Australia’s industries and its role as a major economic force in the Asia-Pacific region make it a popular destination for companies looking to expand their footprint abroad.
A Professional Employer Organization (PEO) - also known as an Employer of Record (EOR) - can simplify the process of doing business in Australia. A PEO can hire, onboard, payroll, and administratively manage your employees in the country, assuming liability and keeping your employment practices in compliance with national and local laws.
If you have questions about Horizons’ services in Australia, please get in touch with our team today!
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