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Guide to employer record keeping: payslips, super, tax & more

Posted by: The ADP Team on 21 June 2017 in Compliance

New Fair Work+ laws commenced on 15 September 2017.  Fair Work Ombudsman Natalie James said, “Businesses that don’t keep the right records, don’t give proper pay slips, or who make false or misleading records and payslips can face higher penalties.”  

Click here to access your copy of the Employer Record Keeping Guide. Learn more about what Fair Work and the Australian Tax Office stipulate as the required records that all employers need to create and maintain regarding each employee – from payslips, to timesheets, superannuation and tax.

Record keeping obligations are just as important as other employer responsibilities such as health and safety however, Australian employment relations and taxation laws are some of the hardest in the world to navigate. Research commissioned by the Association of Chartered Certified Accountants ranked the Australian taxation system as the highest in ‘complexity’ when compared to the UK, USA, Canada, Singapore and Hong Kong. Most employers want to do the right thing. Problems often arise because those in charge of payroll or human resources have a limited understanding of the application of Australian workplace and taxation law – which is often not their area of expertise.

Fair Work says management responsible for record keeping errors

The Fair Work Ombudsman recently  penalised* a NSW business and its former director close to $30,000 for providing false records.  The Fair Work Ombudsman, Natalie James, said, “While we appreciate bookkeeping for employers can seem complex, it is completely unacceptable for an employer to fail to keep accurate records…” 

The Ombudsman is sending a clear message that rogue employers and responsible members of management can be held liable for non-compliance. In the past year (2015-16) alone, 92% of every matter filed in court roped in an accessory, this included directors and human resource managers.#

With timely guidance and better understanding of the legislative requirements your team can improve your compliance and meet your employer record keeping obligations.


+New Fair Work laws commence today, 15 September 2017, FWO Media Release
*Trolley-collection operator penalised for false records, 23 May 2017, FWO Media Release
#Fair Work Ombudsman Annual Report, 2015-16


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