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ARTICLE · 18 FEBRUARY 2020

Annualised salaries: what are the options?

Corrs Chambers Westgarth
Corrs Chambers Westgarth
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Corrs Chambers Westgarth

Corrs Chambers Westgarth

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Summary of the 5 options available under the new laws for paying an annualised salary.

AustraliaEmployment and HR

As of 1 March 2020, new annualised salary clauses will commence in a number of modern awards. Following substantial commentary on these new clauses,1 there is some uncertainty amongst employers about the options that exist for paying an annualised salary.

In two recent articles, we discussed the significant governance and compliance issues with annualised salaries and set off clauses and the practical and technical challenges associated with implementing these arrangements.

Importantly, some of the challenges that many employers are now grappling with are not new, and are not affected by the impending changes to some award clauses. Given this, we thought it timely to recap the options available for employers who want to pay an annualised salary.

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The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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