In New Zealand there is employment legislation called “Employment Relations Act 2000”, & “Holiday’s Act 2003”. The purpose of the employment relations act is to build productive employment relationships through the promotion of good faith in all aspects of the employment environment and of the employment relationship. This refers to both collective bargaining and individual […]
Tag: termination pay
Difference between Australian and New Zealand Leave Entitlements and Calculations – Part 1 Australia
We are often asked what the differences are between New Zealand and our neighbours in Australia so hopefully the following helps in relation to Payroll Legilsation at least. This post just covers Australia and a following one will outline New Zealand’s. In Australia there is employment legislation called “Fair Work Act 2009” Employees are covered […]
All payments must be made on termination
Employees must be paid when they terminate (or in the next normal payrun) all wages, holiday pay or money outstanding as per the Wages Protection Act 1983. An Employer may not deduct any money without the employees consent .This should be stated in the employees contract and signed by both parties.
In Lieu of Notice Payments
In Lieu of Notice payments can be paid to an employee if the employer requests the employee to leave immediately once notice has been given. The number of weeks to be paid is specified in the employment contract which should have been signed by both parties. Conversely, the employer may make deductions from the employees […]
Redundancy Payments
We are getting a few more requests to process Redundancy Payments which can include quite a number of different items. It is very useful for us when handling redundancy payments if you can send us the terms of the redundancy as this may affect how payments are treated, for example, should any bonuses be included […]
Calculating termination pay
We get a lot of phone calls as to why the amount showing on the Leave Reports for Annual Leave differs to the amount actually paid to an employee when they terminate. The answer is very simple, accrued leave is valued on the basis of the higher of Normal Pay or the Average Pay over […]