Taking time away from work for a new baby is a common part of working life. The Paid Parental Leave scheme will help parents spend more time at home with a new baby, and help employers keep skilled and valuable staff! Here's what it means.....

1. Provide your bank account details, employee’s usual pay cycle and pay cut off details to the Family Assistance Office to ensure you receive Paid Parental Leave funds.
2. Provide Parental Leave Pay to your employee for their Paid Parental Leave period.
3. Provide Parental Leave Pay as part of your employee’s usual pay cycle.
4. Withhold tax from Parental Leave Pay under the usual PAYG withholding arrangements. You will need to include Parental Leave Pay in the total amounts on the employee’s annual or part-year payment summary(statements given to the employee for tax purposes).
5. Provide a record of Parental Leave Pay for your employee (usually a payslip).
6. Keep written financial records of receipt of Paid Parental Leave funds received from us and of the Parental Leave Pay provided to your employee.

Also, you must Notify the Family Assistance Office:

• if and when your employee returns to work before or during their Paid Parental Leave period
• if and when your employee resigns from your business
• if you change your bank account details or your employee's pay cycle, or
• if you receive an incorrect amount of Paid Parental Leave funds or if you are unable to provide Parental Leave Pay to your employee
• if you are ceasing to trade
• if you are selling your business, or
• transferring ownership or merging with another business.