Westpac Banking Corporation has entered into an Enforceable Undertaking (EU) with the Fair Work Ombudsman and is back-paying thousands of employees a total of $6 million.
Westpac self-reported to the Fair Work Ombudsman in April 2020 that it had underpaid the long service leave entitlements of employees across Australia after identifying underpayments during an internal review.
Payroll system errors resulted in the bank failing to correctly take into account employees’ overtime work, average weekly hours, bonuses, commissions and sick leave when determining how much long service leave to accrue to employees.
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The information above is produced by the Fair Work Ombudsman – ‘© Fair Work Ombudsman www.fairwork.gov.au‘.)
This information has been shared to help business owners and managers understand and comply with their legal obligations under Australian employment laws.
There is no connection, sponsorship or endorsement between BetterHR, BetterHR products &/or services and the Commonwealth of Australia (or any of its agencies, including the Fair Work Ombudsman).
