The Contribution Levy is determined by several factors. Industry wage growth and more workers resulting in an increase in long service leave liabilities is driving the need to increase the levy.
Employers continue to benefit from a low levy that is below the long-term cost of worker entitlements of approximately 1.1% per annum. Returns for the October to December 2024 quarter (due on 15 January 2025) will be calculated at the 2024 Contribution Rate of 0.5%.
Employer returns reporting service from 1 January 2025 (for returns due April 2025 onward) will have the new Contribution Rate applied.
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