LAFHA changes: What they mean for SMBs
By Philip Price · 5 July 2012 · Advice
By Philip Price · 5 July 2012 · Advice
The clock is ticking for small businesses to adapt to the new LAFHA rules, set to take effect on 1 October. Don't get caught off guard - discover how to navigate the changes and protect your employees' entitlements.
As of 1 October, the provision of a Living Away From Home Allowance (LAFHA) will be treated as income to employees and businesses will need to assess entitlements and employment terms and conditions under the new rules. Here’s what you need to know about managing the allowance.
Tags: Employee Entitlements, employment legislation, employment market, Federal Budget, hiring staff, international jobseekers, international professionals, jobseekers