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Your source for weekly stories and advice on local business, the economy in general and what’s happening in Sydney this weekend.
Halkin HR Newsletter - July 2024
Welcome to the Halkin HR July Newsletter.
As we step into the new financial year, several important updates have come into effect that will impact businesses nationwide. From the 3.75% increase in the national minimum wage to the new minimum superannuation guarantee of 11.5%, it's crucial to stay informed and compliant.
Work Restrictions for Student Visa Holders
We are delighted to share with you that Immigration has announced from 1 July 2023, work restrictions for student visa holders will be re-introduced and capped at the increased rate of 48 hours per fortnight.
Although this is not completely the increase in hours we were all hoping for, it still ensures that student visa holders are able to focus on obtaining a quality Australian education and qualification, while remaining able to support themselves financially, gain valuable work experience, and contribute to Australia’s workforce needs.
Tax Advice for SMBs in Australia
One of the biggest benefits of having an HR function in small and medium sized business is that it can help bring structure and consistency to the business. In a smaller business, where resources are often limited, having HR can provide guidance on policies and procedures which can help mitigate potential risks and ensure compliance with employment laws and regulations.
The Benefits of HR function in SMBs
One of the biggest benefits of having an HR function in small and medium sized business is that it can help bring structure and consistency to the business. In a smaller business, where resources are often limited, having HR can provide guidance on policies and procedures which can help mitigate potential risks and ensure compliance with employment laws and regulations.