New Wage Theft Laws: What Australian SMEs Need to Know
- GIB Geelong Insurance Brokers
- Mar 14
- 1 min read
SMEs take notice: From January 2025, deliberate wage theft is a criminal offence in Australia.
There are severe penalties, including hefty fines and potential jail time for business owners and managers. The University of Technology Sydney has estimated Australian workers are ripped off more than $1 billion each year.
While the term ‘wage theft’ might conjure images of blatant wrongdoing, it often stems from practices that some employers might not even realise fall into illegal territory.
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