In December last year, we updated clients in relation to forthcoming changes to the annualised salary provisions of a number of modern awards, including the Clerks - Private Sector Award and the Banking, Finance and Insurance Award. If you missed those updates, you can read them here and here.
By way of summary, the changes will introduce onerous new notification and record keeping requirements in relation to the payment of annualised salaries to employees covered by an impacted award.
Yesterday, the Fair Work Commission issued final determinations that will introduce the changes to a number of awards, and confirmed that the changes to those awards will be effective from 1 March 2020.
If your organisation has not yet taken steps to ensure it will be compliant, now is the time to do so.
* Special thanks to Michael Starkey who assisted with this alert.