CoINVEST – Employers & Working Subcontractors obligations
Under the Construction Industry Long Service Leave Act 1997, employers & working subcontractors in the building, construction, electrical and metal works industries must register with Co Invest. Employers are required to provide details of their workers days & wages each quarter & contribute 2.7% of the total of their gross wages. Note this is not deducted from workers wages.
Working subcontractors can pay between $30 and $100 per month on behalf of themselves to gain service credits towards long service leave. You can recommence contributions for yourself to CoINVEST.
Please refer to the below link for additional information about your obligations, phone CoInvest on (03) 9664 7677 or contact our office for more info.