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Employee Benefits Report

Product Employee Benefits Reports Rev Ghana

Key Highlights

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

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 Australian economic factors, the local political situation, and sections on climate, operational, and security risks.

Employee Benefits Report Extract

This is a brief extract of information; 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 ...

Benefit Provider

Multinational and local leading employers may provide .....

Retirements Age

Update November 2021

Effective 1 July 2021, the normal retirement age is 66 years and six months for men and women.

The normal retirement age increases to 67 years from 1 July 2023 (for those born on or after 1 January 1957).

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£450

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