IMMEDIATE CHANGES TO THE REAL ESTATE INDUSTRY AWARD 2020 FOR COMMISSION-ONLY EMPLOYEES
As of Thursday 6 August 2020 the following changes have been made to the Real Estate Industry Award 2020 in relation to Commission-Only Employees:
Calculation of MITA
The months of May 2020 to October 2020 (COVID-19 months), may be disregarded in the calculation of the Minimum Income Threshold Amount (MITA) for the preceding 12 month period under review if those months have been impacted by COVID-19.
The MITA will be adjusted accordingly in proportion to the number of months disregarded, provided that, where the commission-only employee’s review date falls part way through any COVID-19 month, that month may only be disregarded where the review is due after the 14th of the month.
Suspension of Employing Commission-Only Salespersons
Between 6 August 2020 and 31 October 2020, no new employees can be employed as a commission-only salesperson.
If you have any queries in relation to these changes please contact REEFWA on (08) 9365 7510 or by email: email@example.com