The Institute of Public Accountants (IPA) has issued a warning to employers that a loophole, which has seen wage theft in relation to superannuation guarantee (SG) rules in the past, is no longer.
“The IPA had originally advocated for the measure to be brought forward from its proposed start date of 1 July 2020, to the start of this financial year namely 1 July 2019,” said IPA chief executive officer, Andrew Conway.
“We were pleased that the Senate at least partly agreed with our position, and recommended the measure be brought forward to 1 January 2020.
“The loophole came about where an employee salary sacrificed into his or her superannuation and the employer used that contribution to form part of the employer’s obligation to pay the 9.5 percent SG," Mr Conway said.
“Those employers who were doing the wrong thing by their employees can no longer get away with it. As of 1 January 2020, employers cannot use employee salary sacrificed contributions to fulfill employer SG commitments.
“We would encourage employees to consider salary sacrificing into their superannuation if they are financially able to do so, to build their retirement nest egg.
“We also recommend that employees check to ensure they are receiving the minimum SG contribution, from their employers, which is currently 9.5 percent,” Mr Conway said.
SODEXO Australia has taken home two major awards in the facility management industry’s FM Industry Awards for Excellence: the Occupant Safety and Wellbeing award and the People and Productivity top honour.
The annual FM Industry Awards for Excellence present Australia’s highest accolades for facilities management in order to highlight an industry which works to ensure the safety, security and sustainability of the built environment.
Sodexo FM Platform Australia director, Paul Amato said the awards were recognition of the company’s commitment to reshaping modern facilities management practices “and support of greater efficiencies and better service to workers and staff onsite”.
“We’re proud of this achievement and hope to continue to set benchmarks for facilities management excellence through our quality of life services,” Mr Amato said. “It’s a true credit to Sodexo’s employees and leadership to be formally recognised in this year’s FM Industry Awards for Excellence.
“The awards are a testament to the company’s leadership, innovation and service in Australia’s FM sector.”
Sodexo was presented with the Occupant Safety and Wellbeing award for its specialised Heating, Ventilation, and Air Conditioning (HVAC) Improvement Program which provided solutions to the aging assets being used by residents in six villages across Western Australia.
The HVAC Improvement Program identified the issues relating to the aging assets regarding air quality and presented a cost-efficient solution. Since the ductwork was cleaned and coated, residents noticed a change in the environment, including the air being fresher and easier to breathe.
Sodexo won the People and Productivity award for its initiative to achieve greater efficiencies in communication between Sodexo’s offices and their clients' facilities.
Sodexo’s technical services team implemented technology solutions using an internet-of-things (IoT) framework to enable them to remotely capture asset condition, performance and data across multiple communication platforms.
Sodexo also sponsored the Industry Innovation award and congratulated Blue IoT on winning that category.
Sodexo in Australia employs a diverse workforce of more than 5000 employees delivering a unique array of over 100 integrated services lines including catering, facilities management, concierge services, security, asset maintenance and hospitality services in segments as diverse as corporate, healthcare, seniors, government and resources.
THE Australian Small Business and Family Enterprise Ombudsman, Kate Carnell HAS welcomed the Federal Government’s response to the review of the treatment of small business tax cases under the scheme for Compensation for Detriment Caused by Defective Administration (CDDA).
“Our research into unfair treatment by the ATO found serious system-wide issues impacting the small businesses," Ms Carnell said. “We are particularly pleased investigation of the most sensitive or complex CDDA claims and decisions on them will be independent of the ATO.
“We also applaud the announcement that ATO procedures take into account a small business’ financial and personal capacity to respond to a review, audit or other compliance process," Ms Carnell said.
“The new Small Business Compensation Assistance Service, to be administered by our office, will complement our existing Small Business Concierge Service, which provides support to small business owners in dispute with the ATO.
“We are delighted we will now be able to help small businesses understand how they can pursue CDDA claims and we look forward to working closely with the ATO on increasing the awareness of the scheme.
“Having an effective and well-publicised CDDA scheme will help to ensure small businesses have access to justice when things go wrong.”