Amendments to payslip reporting
From 1st July, new payslip disclosure rules apply in France
Payslips must show the employee’s social net salary after all social security charges are deducted. The change is to simplify the process for low income individuals applying for government benefits, like the activity bonus or the minimum income allowance.
Payslips currently have to indicate only the employee’s gross salary, the withholding tax amount and the sum paid to the employee. From 2024, employers will also have to declare the social net amount to the authorities via the monthly social declaration (DSN).
Enforcing social security registration
The grace period for employers to register with the social security program ends on 30th June 2023.
The Malaysian government has offered a grace period to allow all employers to ensure they are registered with the social security program from May 2023. The grace period is now coming to an end and all employers must have a social security registration in place in Malaysia from 1st July 2023.
This grace period was implemented to exempt previously unregistered employers from any penalties whilst they arranged their registration. From July 2023, Social Security Organisation (SOCSO) will launch Investigation Operation 2023, to ensure social security coverage for all Malaysia’s employees.
Changes to Superannuation
The Australian Taxation Office has updated Superannuation rates and thresholds for 2023/2024
From 1st July 2023, the following thresholds will apply:
- The general pension transfer balance cap will increase to AUD$1.9 million, up from AUD$1.7 million
- Superannuation contribution caps are unchanged
- The maximum Superannuation guarantee contribution base will increase to AUD$62,270 per quarter (AUD$249,080 per annum), up from AUD$60,220 per quarter (AUD$240,880 per annum)
- The income threshold for the government’s maximum Superannuation co-contribution will increase to AUD$43,445, up from AUD$42,016
- The maximum co-contribution amount will be phased out for incomes up to AUD$58,445 (up from AUD$57,016)
- Superannuation Guarantee contribution rate will increase to 11%, up from 10.5%, on 1st July 2023
Amendments to Fair Work Act
From 6th June 2023, the amended Fair Work Act 2009 came into effect
The provisions that are effective, are:
- Employees can request flexible work arrangements if they are pregnant, or if they or a member of their immediate family or household experience family or domestic violence
- An employee can appeal their employer’s decision to refuse a flexible work request, if the employer does not follow certain procedures
- New procedures for considering employee requests to extend unpaid parental leave will apply and will require employers to provide reasons for refusing employees’ requests. The Fair Work Commission (FWC) can arbitrate disputes about refusals if they cannot be resolved at the workplace level
Changes to paid leave
The paid parental leave (PPL) and Dad and Partner pay are to combine from 1st July 2023. The amount of leave will also be increasing from the current 18 weeks (90 paid days) to 20 weeks (100 paid days) for babies born or placed in care on or after 1st July 2023. This entitlement will continue to increase by 2 weeks (10 paid days) each new financial year until it reaches the final total of 26 weeks (130 paid days) in July 2026.
This change will also allow parents to share their PPL pay entitlements with each other, they will now be allowed to take PPL days at the same time up until the child is 2 years of age.
Previously, only public sector employees had the right for time off for gynaecological appointments
Private sector employees are now entitled to paid time off for gynaecological medical visits. Women employed in the private sector can now take one day’s paid leave per year to attend a gynaecological examination.
Around the globe
Minimum wage increases
The National Minimum Wage (NMW) will increase to AUD$882.80 per week (AUD$23.23 per hour) from 1st July 2023. The weekly rate is based on a 38-hour week for a full-time employee.
The minimum wages in modern awards will increase by 5.75% from July 1st 2023 and will apply to all modern award minimum wages, modern enterprise award wages and state reference public sector awards.1
From 1st June 2023, the minimum wage rate for 2023 came into effect. This is set at BMD$16.4 ($16.4) per hour.
The monthly minimum wage increased to BRL1,320 on 1st May 2023. The increase is included in Provisional Measure No. 1172 and follows several months of uncertainty.
The minimum hourly wage in British Columbia will increase on 1st June 2023 to CAD$16.75, up from CAD$15.65.
From 1st June 2023, Jamaica’s weekly minimum wage will increase to JMD$13,000, up from JMD$9,000, calculated on a 40-hour week.