New Wage Theft Laws: What Optometrists Need to Know
As of 1 January 2025, Australia has introduced new wage theft laws aimed at cracking down on deliberate underpayment of workers. These laws carry significant penalties for businesses and individuals found guilty of such offences.
Key Penalties Include:
Fines of up to $8.25 million or three times the underpayment amount for businesses.
Fines of up to $1.65 million or up to 10 years in prison for individuals.
For independent optometrists, this legislation underscores the importance of accurate and compliant payroll practices. Beyond the legal ramifications, non-compliance could damage your practice’s reputation and erode employee trust.
What You Need to Do:
Review Payroll Systems: Ensure all pay rates, overtime, and entitlements align with awards and employment agreements.
Train Staff: Educate management or administrative teams on the new laws and the importance of compliance.
Seek Expert Advice: Consider consulting an HR or legal professional to audit your payroll processes.
While these laws are designed to protect workers, they have sparked concerns among small business owners about the administrative burden of ensuring compliance. Taking proactive steps now will help you avoid potential pitfalls and keep your practice running smoothly.
For more information and resources, visit the Fair Work Ombudsman.