Uploaded on Jan 17, 2025
Sydney finance company fined for underpaying workers, highlighting the need for fair pay and compliance with workplace laws.
Sydney Finance and Mortgage-Broking Company Fined for Underpaying Workers
Sydney Finance and
Mortgage-Broking
Company Fined for
Underpaying
Workers
A finance and mortgage-broking company in Sydney,
First Step Finance Pty Ltd, has been hit with $117,190 in
penalties after failing to pay three workers their
entitlements and knowingly providing false or
misleading pay slips.
The Federal Circuit and Family Court fined the company
$97,710, with an additional $19,480 penalty for the
company’s sole director, David Brian Ward, for their
breaches of the Fair Work Act.
Despite multiple Compliance Notices from the Fair
Work Ombudsman (FWO), the company did not back-
pay the affected workers, who were employed in
management roles, and issued misleading pay slips.
The FWO, after investigating worker complaints, took
the company to court. The judge emphasized that
penalties are necessary to deter future violations by the
company and others.
Fair Work Ombudsman Anna Booth warned that
businesses failing to comply with Compliance Notices
will face serious legal consequences, in addition to
repaying any outstanding entitlements.
If you have concerns about your pay, reach out to the
FWO for free advice and assistance.
https://www.ikeep.com.au/
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