IMPORTANT MESSAGE FROM THE CEO / REGISTRAR
I wish to inform all employers and contractors that the Minister has decided to increase the employer levy for the Building and Construction Industry Portable Long Service Leave Scheme.
The former Minister, Dr Chris Bourke, advised in April 2012 that he intended to incrementally increase the levy. This increment will raise the levy to 2.5% of wages, commencing from 1 October 2013. This means that the first returns impacted by the new rate will be for the October to December quarter, lodged in January 2014.
The Minister recognises that the increase imposes an additional cost on business at a difficult time and wishes to assure you that he has not taken this decision lightly. However, this further increase is necessary to maintain sufficient assets within the Scheme to meet entitlement liabilities.
The current rate of 1.75% will apply for the July to September quarter that will be the subject of returns and payments to be lodged in October this year.
for the official media release from the Minister’s office.