Building & Construction Industry Alert
Major Changes to Queensland Portable Long Service Leave Levy
As of 1 July 2014, a number of significant amendments have been made to the Queensland Portable Long Service Leave Levy Scheme administered by QLeave. Please find below a summary of the most relevant amendments for Levy payers.
1. Increased Threshold – The minimum project threshold has increased from $80,000 to $150,000.
2. Decreased Levy Rate and Introduction of Tiered Rate System – The QLeave Levy component of the rate has decreased from 0.3% to 0.25%, resulting in a decrease in the overall rate from 0.525% to 0.475%. The exclusion from payment of the Workplace Health and Safety Fee will remain for eligible mining and gas projects. A tiered rate system has also been introduced in accordance with the following table:
Exclusion of the Following Costs from Forming part of the Cost Building & Construction Work:
• Resources Operational Work; and
• Feasibility Studies and Environmental Impact Statements.
For more information about any of the changes above, or for assistance with meeting your Levy obligations, please contact us to discuss how we may be of assistance.