Important changes to small business wage compliance
- developer025
- Dec 17, 2024
- 1 min read
Your guide to the new code coming into effect 1 January 2025
Significant changes to workplace laws are coming into effect from 1 January 2025 that will impact how small businesses manage employee payments. In our guide, we outline the key aspects of the new Voluntary Small Business Wage Compliance Code and its implications for small business operations. The new Code provides a framework for Small Businesses to follow to avoid criminal or civil sanctions.
COSBOA's guide includes:
Key compliance requirements to avoid civil or criminal penalties
Resources available
Compliance support
Implementation timeline
Ongoing compliance
In addition, the Fair Work Ombudsman has put together a guide to paying employees correctly and the Voluntary Small Business Wage Compliance Code to help businesses to understand the Code. It offers practical advice and tools including a handy checklist, examples and best practice tips.
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