| Currency | Payroll Frequency | Employer Taxes |
| Australian Dollar (AUD) | Weekly, Bi-Monthly, or Monthly | For Residents (0%-45%) and Non-residents (32%-45%) |
Introduction
Australia has a strong and diverse economy that is the 12th largest in the world, with a GDP of $1.39 trillion in 2021 according to the World Bank.
The country has a GDP per capita of around $65,800, which is one of the highest in the world and places it among the top rank of countries in the World Economic Forum’s competitiveness index.
The Australian economy has a long history of stability and growth, and has not experienced a recession in more than three decades. This is due in part to the country’s strong regulatory and financial systems, as well as its strong trade ties with other countries.
In 2021, Australia’s exports reached $310 billion, with top destinations including China, Japan, and South Korea, according to the International Monetary Fund (IMF).
How can PEO solutions help?
Imagine the ability to hire across country boundaries at scale and without having to worry about the legal and employee administration process of your employee. That’s how PEO solutions work.
By providing total workforce management solutions, AYP Group is able to help you manage payroll, distribute competitive employee benefits packages, and ensure that your business is compliant with the relevant local legislation wherever your employees are based.
How much would PEO Solutions cost?
The range of solution providers of PEO solutions can range from USD300 per employee to USD650 per employee. View AYP Group’s transparent list of solutions for your worker types here.
Find out about AYP’s total workforce management solution today!
Learn more about AYP Global Pay, Asia Pacific’s smartest People and Payroll Management System.
Contact our HR specialists to learn more.