Under the Paid Parental Leave Act 2010, employers paying parental leave pay must keep paid parental leave records for at least 7 years. Clock starts: not stated in the Act.
Records of the kind prescribed by the PPL rules for each employee the employer pays parental leave pay to, and records about superannuation on parental leave pay.
2 provisions of the Paid Parental Leave Act 2010 apply to these records. Each one is set out below.
The terms
Conditions and exceptions Caution
Section 81 sets 7 years but does not say when it starts. Records kept for the superannuation chapter (s 115S) have their own 5-year period from the later of preparation or the transaction.
From the provisions:
- Does not apply if the Commissioner has notified the provider that retention is not required
- Does not apply if the provider is a company that has gone into liquidation and been finally dissolved
The law
Other terms that apply to these records
This page covers paid parental leave records on their own. The same file is often caught by other laws as well, with different periods and start dates. See why a legal term is not a schedule.
3 records. 3 sets of rules. They don't agree.
One business file can hold all of these at once.
Now do that for every record your organisation holds, and redo it when the law changes. ScheduleOne has done that work, and keeps it current.
See ScheduleOne →