Parental Leave Scheme

The government-funded Paid Parental Leave scheme provides financial support for parents to let them to take time off work in the early months following the birth or acceptance of a child.

Employers play an significant role in the scheme because, in most cases, Parental Leave Pay is provided to eligible parents by their employer. If you have an qualified employee, you will receive funds from the Department of Human Services before you need to give Parental Leave Pay to your employee.

Parental Leave Pay provides suitable working parents, usually mothers with up to 18 weeks of pay at the rate of the National Minimum Wage. From 1 January 2013 the Paid Parental Leave scheme was extended to include a new payment for dads or partners. Dad and Partner Pay will give eligible working dads or partners with up to two weeks of pay at the rate of the National Minimum Wage. Payments under the Paid Parental Leave scheme are taxable.

Parental Leave Pay is paid to workers in the same way you would usually pay their salary or wages.

For more information on Etax, myTax ATO and online tax return, please contact us at 1300768284 or you can email us at enquiry@taxrefundonspot.com.au