We all get them – a pay slip. It is a legal requirement that you send a pay slip out within 1 day of pay day even if an employee is on leave. If you don’t do it, you can be fined. But have you ever made sure that the pay slips you are sending or receiving are actually compliant? Run through the simple checklist below to find out. You need to have ALL of the following on your pay slip. It doesn’t matter if you email or print them, the information needed is the same.
- Employer’s and employee’s name
- Employer’s Australian Business Number (if applicable)
- Pay period
- Date of payment
- Gross and net pay
- If the employee is paid an hourly rate:
- The ordinary hourly rate
- The number of hours worked at that rate
- The total dollar amount of pay at that rate
- Any loadings, allowances, bonuses, incentive-based payments, penalty rates or other paid entitlements that can be separated out from an employee’s ordinary hourly rate
- The pay rate that applied on the last day of employment
- Any deductions from the employee’s pay, including:
- The amount and details of each deduction
- The name, or name and number of the fund / account the deduction was paid into
- Any superannuation contributions paid for the employee’s benefit, including:
- The amount of contributions made during the pay period (or the amount of contributions that need to be made)
- The name and / or number of the superannuation fund the contributions were made to.
We suggest you have a look at your payslips to ensure that you are compliant. If you have any concerns on your payroll or have any questions, please feel free to contact us At Zed Payroll and one of our Payroll Professionals can help you.