Fair Work Ombudsman
At a glance
- First Step Finance Pty Ltd
- $37,016
- 3
- MA000117
What happened
The Fair Work Ombudsman has commenced legal action against First Step Finance Pty Ltd, a finance and mortgage broking company in Sydney, and its sole director, the Respondent. Three workers in management roles raised concerns about underpayment between August 2020 and February 2023. Fair Work Inspectors issued Compliance Notices in 2021, 2022, and 2023 regarding alleged underpayment of minimum wages and unpaid annual leave entitlements under the Banking, Finance and Insurance Award 2020 and the National Minimum Wage Order 2022. The company allegedly failed to comply with these notices and issued false pay slips.
What was decided
The Fair Work Ombudsman is seeking penalties against First Step Finance and the Respondent for failing to comply with Compliance Notices and issuing false pay slips. First Step Finance faces penalties of up to $66,600 for the pay slip contravention, and the Respondent faces a penalty of up to $13,320. The FWO is also seeking court orders to rectify the alleged $37,016 in underpayments, including interest and superannuation. A hearing is scheduled for April 12, 2024.
What it means for employers
Employers must comply with Compliance Notices issued by the Fair Work Ombudsman. Failure to do so can result in significant penalties. Employers should ensure accurate pay slips are issued and that employees receive all entitlements, including minimum wages and annual leave.
What it means for employees
Employees who believe they have been underpaid or are experiencing workplace issues should contact the Fair Work Ombudsman for free assistance. The Fair Work Ombudsman provides resources and advice to help employees understand their rights and obligations.
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