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On 14 July 2010, legislation for the Paid Parental Leave (PPL) scheme received royal assent and subsequently has been implemented from the start of 1 January 2011. The introduction of this scheme is to encourage parents to take time off work after the birth of their child.
The Government funded Paid Parental Leave scheme commenced 1 January 2011, on 1 July 2011 employers must be ready to make payments to any eligible employees.Tax must be deducted from payments of Paid Parental Leave. The Australian Government proposes to provide funds to employers before payment to employees are due and you should register with the FAO before 1 July 2011.
Wise Lord & Ferguson can assist you to understand your obligations with Paid Parental Leave.
Click here to view further information about PPL from Wise Lord & Ferguson (PDF File)Please note that any taxation and accounting services are not endorsed nor the responsibility of Count Financial Limited.
