Global payroll in Australia

Only 399 EUR per employee per month

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Rivermate's global payroll solution helps companies hire remote employees in Australia . We take care of global payroll, taxes, benefits, compliance and HR activities. So you can focus on growing your business. Our global payroll solution is beneficial to companies that want to hire remote employees in a breeze. On this page you will find employment information for Australia.

1. Grow your team in Australia with Rivermate as your global payroll provider

Payroll, benefits, taxes, and compliance can be difficult to manage in , particularly if you don't have established local relationships. You can hire employees in effectively, conveniently, and in full compliance with all relevant labor laws using Rivermate's global Employer of Record (EOR) solution. We handle the responsibilities and legal risks associated with foreign employment so you can concentrate on growing your company.

2. Introduction to global payroll in Australia

If you are interested in hiring a remote team in Australia, or even just individual remote employees in Australia, then you have come to the right place!

Rivermate is an Employer of Record (EOR) that offers Australia payroll solutions. As a Australia payroll provider, we will cover everything from salary, benefits, employer-to-employee contributions, and especially payroll compliance in Australia. We are confident Rivermate’s payroll solutions Australia will help you grow as a business—because now, you won’t have to worry about your payroll solutions Australia. We take care of everything payroll!

With Rivermate, you can run Australia payroll services in just one click—regardless of currency, benefits, insurance, and your local labor laws. Everything is automated. Our priority is for you to focus on your company’s strategy and growth.

Our Rivermate Global Payroll services are made especially for startups and scaleups. We know that startups try to be extra prudent when it comes to choosing a payroll provider, so it is our mission at Rivermate to be your most reliable and cheapest payroll provider option. So if you’re looking for global payroll providers for small businesses, look no further and book a call with us now!

3. How to set up global payroll in Australia

You cannot hire or pay employees unless you first establish a subsidiary in Australia or collaborate with a global EOR. Establishing a subsidiary can take months and may impede the hiring process. Once you've been approved, you'll need to open at least one bank account in Australia. The vast majority of employees are compensated electronically via bank transfers.

According to Australian tax laws, all employees must receive a payslip within one working day of payment. This slip can be printed or emailed. The most common pay cycles are 12, 26, and 52, which should be considered when determining the frequency of pay.

4. Taxation rules for global payroll in Australia

Examine the country's taxation laws before setting up Australia payroll.

Australia follows a Pay as You Go policy, similar to that of the United Kingdom. Employers are required to withhold employee taxes, which must be paid to the government. Companies must also provide employees with a payslip within one working day of being paid.

In addition to wages, you may have to pay payroll taxes on benefits and superannuation (Australia's retirement fund). Because each state has its own payroll tax, the percentage varies by location. Employers must also contribute 10.5% of their employees' OTE to superannuation.

5. Payroll options for companies in Australia

Companies that wish to expand their operations globally have four different payroll options in Australia. These payroll options are:

1. Internal Payroll. This payroll option is applicable for already established companies in Australia. It includes devoting an entire Human Resources staff to running the company's payroll procedures.

2. Remote Payroll. Smaller firms may lack the capacity to handle their own payroll, but they may add their workers to the parent company's payroll. This action, on the other hand, requires considerable thinking. You must guarantee that you follow the rules and laws of each nation.

Working with a local outsourcing firm is one method to retain money in the local economy, but you'll still need to study all of the local rules and regulations, since you'll be held responsible.

3. Australia payroll outsourcing: Outsourcing your payroll to an Employer of Record in Australia, such as Rivermate, is another alternative for Andorra payroll outsourcing. We can manage all aspects of your payroll, including compliance. Send us a note and we'll get back to you as soon as possible!

6. Payroll compliance Australia

To be clear, payroll compliance is more than just paying your employees fairly and on time.

Every company that employs an Australian must follow local payroll laws, regardless of where the company is located. If you use a manual payroll process, you're probably not 100% compliant, which is where Single Touch Payroll (STP) comes in. More on that in a moment!

The regulations in Australia are quite strict, and it is up to each company to protect themselves from unintentionally failing to comply. That is why so many global start-ups and corporations have chosen to work with payroll service providers such as Rivermate to alleviate that additional stress.

We understand! Handing over a portion of your business process to third-party management can be difficult, especially if your company is small. But there's no denying that it's far preferable to being charged with tax evasion, right?

7. How to manage payroll in Australia

Companies that have a business presence in Australia have different ways of managing payroll. However, most of the options you have for running payroll in Australia are either expensive or require establishing a subsidiary in Australia. The cheapest, most efficient, and most reliable payroll processing system in Australia is by outsourcing payroll to Employers of Record (EOR) in Australia. Rivermate is one of those Employers of Record.

At Rivermate, we offer you the most efficient, most compliant, and cheapest HR and Payroll Management services in Australia. We do this by taking care of your payroll-related needs, such as keeping track of your employees’ financial records, including incentives, gross and net salary, and payslips, all the while staying compliant with the labor laws in Australia. Because we do your online payroll management for you, you can have absolute focus on your business’ strategy and growth.

Rivermate is all about growth through collaboration and we achieve this by offering the most reliable yet cheapest services for managing payroll for small businesses in Australia.

8. Entitlement and termination terms in Australia

The cause for termination varies according to an employee's number of coworkers, as well as the length and type of employment.

There is no requirement for a stated reason for termination for up to 15 permanent workers with a maximum tenure of six months. For permanent employees with tenures of at least six months, a specific and legitimate reason for termination is required. No specific reason for termination is required for employees with a tenure of less than 15 months. For less than 15 permanent workers with a minimum 12-month employment duration, a clear and legitimate reason for termination is required. For casual workers who have worked for the company for at least 12 months, a precise and legitimate basis for termination is required. Employees who are terminated within the first six months of employment (or 12 months if employed by a small firm) are unable to file a claim with the Fair Work Commission for "unfair dismissal." However, there are some exceptions to this rule known as General Protections matters, which do not require a minimum period of engagement. Unfair dismissal claims are adjudicated by the Fair Work Commission through a specialized employment tribunal.

9. Compensation in Australia

In Australia, employees are entitled to a basic minimum wage per hour/week, unless an employer or industry has negotiated a different rate. Wages in Australia vary according to the nature of the job and/or the capacity in which an individual is employed.

Bonuses are common in Australia and are calculated on an annual salary basis. Pay increases on average every 16 months, but is subject to industry and level of experience.

Australia's minimum wage increased to 20.33 Australian dollars (15.03 USD) an hour on July 1, 2021. (772.60 AUD or 571.35 USD per week).

10. Working hours and overtime in Australia

In Australia, working hours are determined by an employer, the position held by an employee, or the sector in which the employer operates. In Australia, the standard workweek is 38 hours spread over five days. Employees frequently work a 40-hour week and get a half day (four hours) off every other week.

11. Employee benefits in Australia

There are two health-care systems in Australia: public and private. Australians with taxable earnings over a certain indexed level contribute 2 percent of their taxable income into Medicare, the national healthcare system.

Individuals may also acquire private health insurance for things that are not covered by the mandatory Medicare system, such as auxiliary health services (e.g., dental, optical, etc.) and private hospital accommodation.

Individuals who opt not to purchase private insurance and have an annual taxable income over a certain level are subject to a 1-percent Medicare fee.

Due to the comparatively high fringe benefits tax, many companies in Australia offer an allowance to workers rather than buying health insurance policies on their own.

12. Why choose Rivermate as your global payroll provider in Australia

Establishing an entity in to hire a team takes time, money, and effort. The labor law in has strong worker employment protection, requiring great attention to details and a thorough awareness of local best practices. Rivermate makes expanding into simple and effortless. We can assist you with hiring your preferred talent, managing HR and payroll, and ensuring compliance with local legislation without the hassle of establishing a foreign branch office or subsidiary. Our PEO and Global Employer of Record (EOR) solutions in give you peace of mind so you can focus on running your business. Please contact us if you'd like to learn more about how Rivermate can help you hire employees in via our Employer of Record (EOR) / PEO solution.

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