Employ Candidates Compliantly in Australia

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  1. Overview:Australia
  2. Global HR Compliance
  3. Global PEO and Payroll
  4. Work permit for hiring expats via PEO
  5. Expand without a company set up
  6. Contractor vs. employee: which is better?
Other counrtries

Global Employer of Record (EOR) in Australia

Global Employment Services

Businesses in the process of expanding globally often face challenges when it comes to compliantly onboarding employees in foreign countries. In most cases, legal compliance requires the establishment of a legal in-country business entity, a complex, costly and time-consuming process that many employers are not ready to undertake.

To help your organization legally onboard and payroll a workforce in Australia, Acumen International offers a global employment solution via our Global Employer of Record / EOR. As a global employment organization, Acumen International serves both end employers and service companies representing international clients. Partner with Acumen International, and let us help you handle your global employment and HR needs.

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Spotlight on Australia:

Australia (officially the Commonwealth of Australia) is the largest country in Oceania, sixth-largest country in the world and the world’s smallest continent by total area. Australia comprises the mainland of the Australian continent, the island of Tasmania, and numerous smaller islands. Australia consists of 6 states and 2 territories.

  • Capital: Canberra
  • Official language: English
  • Population: 25.809.973 (July 2021)
  • Labor Force: 12.568 million (2020)
  • Industries: The manufacturing industry is built around the food industry, machinery and equipment, mining, metal processing and metal goods and the chemical and petrochemical industries. The services sector occupies a dominant position in the Australian economy, the biggest growth in this sector has been the rise of business and financial services, health care and social assistance, and travel services.
  • Trading partners: Traditionally, Australia is an importer of finished goods. The main import partners are China, the United States, Japan, Germany, and Thailand. The agricultural and mining sectors are the most important for exports: Australia is a vast agricultural country and one of the world’s main exporters of wool, meat, wheat and cotton. The export partners are China, Japan, South Korea, and India.
  • Local currency: The Australian dollar is the currency of Australia, including its external territories (sign: $; code: AUD)
  • Minimum wage: As of July 1, 2021, the minimum wage in Australia is 20.33 AUD per hour (772.60 AUD per week).​ The Fair Work Commission reviews the national minimum wage every year, and any increases in minimum wage take effect on the first full pay period on or after July 1. Employees not covered by the Fair Work Act are subject to their state minimum wage. Like the national minimum wage, state minimum wages are reviewed on an annual basis and according to State Wage Fixing Principles.
  • Salary currency: Industrial instruments may contain terms regarding the currency in which employees must be paid. If no currency is specified in an industrial instrument or contract of employment, the rates specified will be presumed to be Australian dollars.
  • 13, 14th salaries: There is no legal requirement for bonus or 13th, 14th salaries payments. Employers can pay bonuses at their discretion. Often, many employers provide bonuses in Australia as an incentive and for retention purpose.

Global employment in Australia

Employ your Selected Workforce in Australia via Acumen’s Employer of Record / EOR Solution

Acumen’s Global Employer of Record / EOR solution was designed to help international companies like yours expand your global reach and engage the brightest global talent for your projects.

Acumen’s Employer of Record / EOR service in Australia offers an efficient and inexpensive alternative to direct hiring.

As an Employer of Record services provider, Acumen International helps businesses to legally engage and pay their selected highly skilled professionals in Australia. Businesses desiring to hire local employees should be prepared to pay competitive salaries, to attract and retain the most qualified candidates.

Acumen is helping you navigate the challenges which global COVID-19 pandemic and market unrest caused. Some areas and procedures have been severely impacted, e.g. visa and travel rules restrictions, migration regulations change, health checks and vaccination policies requirement in case of cross-border travelling, etc. Timely counselling with the Acumen’s team will ensure proper guidance of the client through challenging situations and assist him in resolving complicated situations.

Leave it to Acumen to hire and compensate your employees on your behalf, so you can focus on growing your business.

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Legally Onboard and Payroll your Employees in Australia with Acumen’s Global Employment Solution

Breaking into Australia’s market or engaging local talent companies could face additional tax and penalties.

There are special tax rules around Personal services income (PSI). The PSI rules were introduced to prevent the shifting or splitting of income with other individuals or entities in an attempt to pay less tax. PSI applies to contractors working in Australia if their business is generating ‘personal services income’, and does not affect an employee receiving only salaries. But, if you are operating through an entity and are an employee of that entity then the PSI rules may apply.

The penalties imposed for either an individual or employer who is found guilty of hiring an unlawful employee is treated rather seriously under Australian law. Companies can be fined up to $66,000 for every illegal worker, who is found to be working within the company, and up to $165,000 for exploiting a migrant worker. Also it’s against the Australian’s law for a business to incorrectly treat their employees as contractors. Fine for misclassifying an employee as an independent contractor in Australia up to AUD $63,000.

Reduce your risks while expanding your business, without establishing your own legal entity in Australia. You can trust Acumen to handle the global employment and HR details of your workforce management in Australia, to ensure full compliance with in-country employment laws.

Acumen’s Global employment services are designed to provide our clients with professional assistance to meet their global HR needs, such as:

  • Global talent acquisition and retention
  • Global expansion, to help you quickly enter new global markets without legal and HR compliance risks

With Acumen, you can rest assured that all legal requirements are met for compliant hiring and compensating of your employees in Australia, and in 190 countries worldwide where we serve our international clients.

Acumen International offers a global PEO and payroll solution to take care of all the details of payroll while ensuring full compliance with in-country labor and taxation laws. To get more information about Acumen’s Global PEO and payroll service in Australia click here.

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