There has been a lot of talk about - and changes to - insurance in superannuation recently. To help break down the topic and make sense of the changes, ACA's superannuation partner Child Care Super will run a series of blog articles explaining the different types of insurance in super and detailing the changes that are about to be made – which may affect you. This information is relevant to early learning service owner/operators as well as their team members. The series begins with Death and Terminal Illness Cover.
Death and Terminal Illness cover
Did you know you may have automatically received Death and Terminal Illness cover when you first joined your super fund? This is called ‘default cover’.
ACA continues to receive queries from members about the practice of some Child Care Subsidy (CCS) “back payments” being paid to parents / guardians, rather than to the service provider.
This process may create some uncertainty and concerns when you are trying to work out whether or not the back payment has been paid, and if so, when.
These back payments should be recorded in your third-party software. However each software provider presents this data differently.
The following update has been provided by ACA's legal advisors - Australian Business Lawyers & Advisors (ABLA).
Please read it carefully to determine whether this update applies to your service.
Personal leave is not accrued in hours but days!
The Full Federal Court yesterday confirmed that all employees (including part-time employees) are entitled to 10 “working days” of personal/carer's leave per year under the Fair Work Act, regardless of how many hours the employees work per day or how many days are worked per week.
The decision will have wide-ranging implications for employers, the overwhelming majority of whom do not presently accrue personal/carer's leave in this manner.