REEF Committee of Management Election
REEF’s success is in no small part due to the commitment and guidance of the Committee of Management who give their time on a voluntary basis.
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REEF’s success is in no small part due to the commitment and guidance of the Committee of Management who give their time on a voluntary basis.
Each year REEF makes an application to the Australian Tax Office seeking a variation so that REEF members can pay their employees the relevant award-based motor vehicle allowance without having to deduct PAYG withholding tax.
Minimum Award Rates of Pay to increase by 3.5% on 1 July 2025.
REEF’s new Rates of Pay Booklet is now available for REEF members.
The compulsory employer superannuation rate will increase from the current 11.5% to 12% on 1 July 2025. This means from 1 July 2025 employers will be required to make superannuation contributions on behalf of employees at the rate of 12% of the employee’s “ordinary time earnings”.
The Real Estate Employers’ Federation’s Annual General Meeting will be held on Wednesday 21 May 2025
In this article, Bryan Wilcox, CEO of the Real Estate Employers’ Federation, explains how the Minimum Income Threshold Amount (the MITA) must be applied against the performance of a salesperson engaged on a commission-only arrangement, both prior to, and during employment. The MITA is a performance-based income target that, under the Real Estate Industry Award
As an employer in Australia, few tasks are as crucial as correctly managing payroll. Employee payroll entitlements include salaries/wages, commissions/bonuses, allowances and other financial entitlements such as superannuation, loadings, overtime or penalty rates and the accrual and taking of leave. Paying employees their correct entitlements is not only essential but also a legal requirement. In
If you are intending to close your agency doors – even for as little as a few days – and require employees to take annual leave, then it’s time to start planning.
Each year REEF makes an application to the Australian Tax Office seeking a variation so that REEF members can pay their employees the relevant award-based motor vehicle allowance without having to deduct PAYG withholding tax.