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Australia

Employee Benefits Report

Product Employee Benefits Reports Rev Australia

Key Highlights

Get access to Axco’s online product for a comprehensive understanding of employee benefits in Australia

  • Details of the state and compulsory benefits
  • Insight into typical market practice
  • Examines changes to the costs and benefits of social security and mandatory benefits requirements
  • Demographic and economic information including projections
  • Mandatory pension provision, normal and parental leave and other state benefits
  • Details of applicable taxation
  • Extensive geopolitical and operational risk analysis

Report Overview

Comprehensive employee benefits information for Australia. Details mandatory benefits and plans as well as typical market practice. Includes data on pensions and retirement benefits, employee leave and termination indemnities.

Axco's employee benefits report for Australia provides expert analysis of the Australian benefits landscape, detailing state and compulsory benefits and local market practice across necessary to know when employing staff in Australia or thinking of entering the market.

The comprehensive report is produced by a dedicated research team with years of experience in international employee benefits. The report outlines all key benefits in Australia, including insight into changes to the costs and benefits of social security and mandatory benefits requirements, as well as typical employer practice. Information and necessary details on new legislative mandates are regularly updated to ensure you remain compliant.

Suitable for international employee benefits consultants, brokers or corporates looking at establishing business in Australia, the report outlines the employment benefits requirements for your employees in Australia. Coverage extends to retirement benefits, death in service benefits, long-term disability, medical benefits, workers compensation, personal accident insurance, termination indemnities, maternity benefits & maternity/paternity benefits and other employee and state benefits.

Axco analysts also report on the economy of Australia, the local political situation, and climate, operational, and security risks.

Australia Report Extract

Below is a very brief extract of information from the Australia Employee Benefits Report; more updated information may be available in the latest published report.

Retirement

Benefit Provider

State & Compulsory Benefits

Retirement benefits are provided through a complying superannuation fund as chosen by the employee (provided through a default fund as chosen by the employer where the employee does not make a choice), except in certain circumstances, such as where prescribed under an enterprise agreement mandating an industry fund or under a workplace determination.
Superannuation funds include the following types. Industry funds, corporate funds ….

Typical Employer Practice

Multinational and local leading employers may provide supplementary retirement benefits through additional voluntary employer contributions to the superannuation fund (see State & Compulsory Benefits for detail).

The report contains more information on retirement benefits in Australia including Benefit Provider; Type of Plan; Eligibility; Retirement Age; Pensionable Salary; Vesting and more



Termination Indemnities

Benefit provider

State & Compulsory Benefits

Termination indemnities are provided by employers with at least 15 employees through redundancy pay. Redundancy pay may vary for those covered under an industrial instrument, such as ....

Typical Employer Practice

Some employers may provide supplementary …

More information on Eligibility; When Benefit is Paid; Benefit details and the associated Taxation applicable to termination indemnities is available in the report.

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£450

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