24/01/2025
๐ณ๐๐๐๐๐ท๐๐๐ - ๐ณ๐๐๐ ๐บ๐๐๐๐๐๐ ๐ณ๐๐๐๐ ๐๐๐ ๐ป๐๐๐
๐๐๐! ๐ทโโ๏ธ
LeavePlus (formerly known as CoInvest) allows workers to accrue long service leave benefits after completing 7 years of service within the Building & Construction Industry.
LeavePlus is a ๐ฐ๐ผ๐บ๐ฝ๐๐น๐๐ผ๐ฟ๐ obligation for most employers that are in Building & Construction Industry.
Basically, its a financial fund for employers to make quarterly contributions (@ 2.7%) on behalf of their employees. And the benefit of this is the employee doesn't need to stay with the same employer to gain this leave, as long as they stay within the Building & Construction Industry.
LeavePlus provides coverage for work within the construction sectors, including:
๐ต Building, Electrical, and Metal trades in commerial, industrial & residential
๐ต Renovation, maintenance, installation, service and repair work
๐ต Tradespeople, labourers, apprentices and forepersons in the construction industry
๐ต Employees, working directors and select independent contractors
For a more complete list of covered industries visit: https://leaveplus.com.au/scheme-coverage/
If you are not registered with LeavePlus, you must do so ๐๐ฆ๐๐ฃ to avoid penalties & interest charges.
Please feel free to reach out for more information or to discuss further one what are the next steps to take in ensuring your obligations are being met with LeavePlus.
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