The amendments to the Long Service Leave Act 1955 allows employees to take leave in shorter blocks, e.g. one day a week. It also removes the traditional one-month notice period, with agreement from the employer.
The legislative changes are aimed at giving businesses additional options to draw down on their existing leave options and maintain cash flow. The increased flexibility is extremely important during a time when business owners are doing everything they can to keep their employees on the books.
The legislation will be in effect for six months from Tuesday 24 March 2020, with the possibility of an extension to one year.
No other changes to long service leave in NSW have been implemented. If your employee has been working for you for 10 years, they are entitled to two months (8.67 weeks) paid long service leave, to be paid at their ordinary gross weekly wage.
For more information on long service leave in NSW and access to a long service leave calculator, visit Service NSW.
Working for business
Business NSW formally wrote to the NSW Treasurer, Dominic Perrottet seeking the urgent changes on Tuesday 24 March.
Business NSW’s Chief Economist, Mark Frost has also written on the need for Wage Rebate measures for business owners who fall outside the PAYG Subsidy, and to help with Australia’s economic recovery. You can read the latest news on further tax deferments here.
Business NSW is the peak policy and advocacy body which has been representing businesses in NSW since 1826.
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