"The introduction of the Closing Loopholes Acts, including the criminalisation of wage theft, marks a pivotal moment for Australian businesses," Yellow Canary Managing Director Marcus Zeltzer said in the report.
"Our research reveals while many businesses are making payroll compliance a top priority, a significant number are still relying on flawed manual processes or have not conducted thorough reviews."
"Almost half (48%) of those surveyed by research house Lonegran Research on behalf of Yellow Canary said they had been making payroll compliance a top priority ahead of the Closing Loopholes law."
"...93% of local businesses with at least 50 employees still said they had at least one area of concern regarding potential employee underpayments in their organisation."
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