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Nation’s capital struggles with bookkeeping compliance

Nation’s capital struggles with bookkeeping compliance

A report from the workplace regulator has found that 40 per cent of ACT-based businesses failed on their “second chance” shots at compliance, leading to penalties and intervention in some cases.

Bookkeeper Katarina Taurian 21 December 2017
— 1 minute read

The Fair Work Ombudsman (FWO) recently followed up with 80 businesses in the ACT region, conducting audits to see if they had rectified their operations after being notified of their non-compliance.

About 60 per cent of the businesses, 48 in total, were found to be fully compliant with workplace laws. However, 40 per cent - the remaining 32 businesses - were still found to be non-compliant.

Principal offenders were bookkeeping practices for each of the businesses. The audits found 16 businesses had breaches relating to pay rates; 11 businesses had breaches relating to record-keeping and pay slips; and five businesses had breaches relating to pay rates and record-keeping/pay slips.

Consequently, the regulator recovered $31,087 for 120 workers, issued 17 formal letters of caution, eight on-the-spot fines and one compliance notice.

Record-keeping has been a particularly strong focus for the regulator this year. Earlier this month, the FWO took on Caltex for its poor record-keeping, auditing 15 franchisees. Notable instances of non-compliance were discovered, and you can read more about them here.

 

Nation’s capital struggles with bookkeeping compliance
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