Thursday, 16 April 2015

Payroll Legislation Financial year changes

Changes to payroll legislation happen every year that you need to be aware of.
Changes for the year ahead include:

  • Increase in the maximum liable earnings from $118,191 to $120,070 for the purposes of calculating the ACC Earner levy.
  • Minimum adult wage is increasing from $14.25 to $14.75 from 1 April 2015.
  • The starting-out and training hourly minimum wages will increase from $11.40 to $11.80 an hour.
  • Various amendments to the Employment Relations Act 2000 also came into force on 6 March 2015. Employers particularly need to be aware of the changes regarding Flexible Working Arrangements and Rest and meal breaks.

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