There are new penalties in Victoria for not complying with Long Service Leave requirements of paying out LSL on an employee’s last day of employment. This rule is not a new rule however penalties have increased for noncompliance, with 60 penalty units now able to be applied for each day there is a delay in payment. Currently 60 penalty units equates to $10,904.40 per day.
Note that the legislation, and therefore the rates, rules, administration etc. for long service leave is different in each state or territory in Australia.
For further information about Victorian Long Service Leave, click here