- Country Information
- Australia
In this article...
Australia
- What types of employment contract are there in Australia?
- What mandatory clauses must be included in an Australian employment contract?
- 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?
What are the mandatory benefits in Australia?
Employees in Australia are guaranteed certain benefits that the employer is responsible for safeguarding. In some cases, the employer must also make contributions to employee benefits. The total expected employer contribution to monthly benefits (Medicare and Superannuation) is 10.5%, or 15.35% when factoring in the 4.85% payroll tax.
Employee social security (national pension fund), healthcare, and leave benefits are managed as follows:
- Superannuation: Employers pay into this account which serves as a national pension fund. Employers must contribute 9.5% of an employee's monthly base salary, up to AUD 21,002.06 (USD 16,051.56) per year.
- Healthcare: Australian employers must make a monthly Medicare contribution as a percentage of an employee’s base salary—currently set at 1% of an employee’s monthly base salary. Medicare in Australia covers nearly all of an employee’s healthcare needs except physiotherapy, dental, and vision.
- Required leave: Employees are entitled to certain leave benefits, including paid time off, sick leave, and parental leave.
If you have questions about benefit provisions in employment contracts in Australia, please get in touch with our team today!
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