Theory 2

Question 1

Discuss the term enterprise bargaining

Answer 1

Enterprise Bargaining is when employers and employees negotiate the conditions of employment, although such new conditions cannot reduce any award entitlements.

Question 2

Difference between part time and casual

Answer 2

Part-time is an employee engaged as such who is employed for not less than 12 hours per week and no more than 32 hours per week with a minimum payment of 3 hours per day. Overtime is payable for any time worked in excess of 8 hours on any day and or 64 hours in any fortnight.
Whereas, a casual employee is engaged as such who is employed for not more than 30 hours in any one week. Overtime is payable for any time worked in excess of 8 hours in one day.

Question 3

State the tax-free threshold when calculating tax?

Answer 3

Tax free threshold: $18,200- $350 per week

Question 4

Why would some employees not be able to claim the tax-free threshold from an employer?

Answer 4

Two jobs can’t have tax-free threshold

Question 5

List the compulsory deductions

Answer 5

• Income tax
• Higher Education Contribution Scheme (HECS)
• Financial Supplement Debt
• Postgraduate Education Loans Scheme (PELS)
• Court-order payments

Question 6

List the voluntary deductions

Answer 6

• Superannuation-employee voluntary contributions
• Medical Insurance
• Insurance Premiums
• Union Fees
• Loan Repayments
• Social Club
• Savings Deposits