b"OTHER LEGISLATION CHANGESPAID PARENTALLEAVE (PPL) When: 1st July 2024 (repeating until 2026)The Impact: What's Changing?:There is no additional direct cost to the employer; theimpact is that employees may be more likely to take theThe Paid Parental Leave Amendment (More Support fullpaidparentalleaveperiodwheretheymayfor Working Families) Bill 2023 passed on March otherwisehavereturnedtoworkafter18weeksif18th, 2024.nancial pressure was a consideration. The 20 weeks of paid leave parents can access will The rate of pay, which is equivalent to the national gradually increase by 2 weeks each year from July minimum wage has remained the same. 2024 until the 26 week rate is reached (2026). Flexible parental leave days to increase The Criteria: gradually: To get Parental Leave Pay, employees must have anindividual adjusted taxable income of either:Child born between 1 July 2024 and 30 June 2025 - $175,788 or less in the 2023-24 financial year110 exible days$168,865 or less in the 2022-23 financial year.Child born between 1 July 2025 and 30 June 2026 -120 exible daysYou can get Parental Leave Pay if you and yourChild born on or after 1 July 2026 - 130 exible partners adjusted taxable income is either:days$364,350 or less in the 2023-24 financial year$350,000 or less in the 2022-23 financial year.Practical Tips for Employers: 1)Update policies relating to Paid ParentalLeave and exible parental leave days OTHER LEGISLATION CHANGESSUPER & PAIDPARENTAL LEAVE When: 19th September 2024What's Changing?: The Paid Parental Leave Amendment (AddingSuperannuation for a More Secure Retirement) Bill 2024means parents receiving the government's paid parentalleave scheme will also get an additional 12% of theirpayment as a contribution to their super fund.Applies to babies born or adopted after 1 July, 2025.The payments will be calculated and administered by theAustralian Taxation Office.Page | 13IR Update July 2025"