Frequently asked questions
Yellow Canary is a growing RegTech scale-up that enables Australian employers to achieve compliance confidence across employee payments, entitlements and Long Service Leave. Supporting Environmental, Social and Governance (ESG) obligations, Yellow Canary’s Always On Compliance platform automates regular reviews, comparing payments to obligations, and providing rapid actionable insights.
Yellow Canary challenges the traditional approach to workforce compliance. Their automated solutions are designed to support companies navigating the complexities of the Australian industrial relations system, and to enable ongoing compliance due diligence.
Yellow Canary was founded in 2018 by Marcus Zeltzer and Brenton McSweyn to address under-serviced and widespread workforce compliance issues in Australian businesses.
State specific wage theft laws in Queensland and Victoria mean that employers in those states can face criminal charges and convictions as a result of wage theft.
Under the Closing Loopholes Act 2023, intentional wage theft will carry severe penalties of up to 10 years in prison and fines reaching $1,565,000 for individuals and $7,825,000 for corporations, or three times the value of the underpayment – whichever is higher.
The Closing Loopholes No.2 Act 2024 includes civil provisions. Serious contraventions will cover recklessness as well as intentional acts, with the maximum fine increasing to $4,696,000, or three times the underpaid - whichever is higher. These reforms are prompting employers to think ahead about their compliance strategies, to avoid penalties resulting from missteps in wage compliance processes.
Australian businesses are under more pressure than ever to maintain and demonstrate workforce compliance. Non-compliance with workplace laws can result in payroll underpayments. This isn’t just bad for business; no matter the intent, underpaying workers can lead to decreased employee morale and lack of trust in the employer. Regular compliance reviews are essential for employers to ensure they’re meeting legal and ethical obligations and that issues do not compound over time.
Yellow Canary’s clients are some of Australia’s most recognisable employers with workforces from 500 to 100,000 across a range of industry sectors including banking, insurance, retail, hospitality, manufacturing and health services.
Yes. Yellow Canary’s flexible technology configures to any modern award, enterprise agreement or industrial instrument agreed with your legal counsel or compliance advisor.
Our Always On Compliance solution only requires configuration -rather than construction - which comes from a combination of assumptions, rules and interpretation principles that are applied to your data. The platform does not need to be constructed from the ground up, nor is it dependent on a substantial number of people to run it.
Yellow Canary adds an extra layer of accuracy and confidence where your payroll system rules may not be sufficient. We work with you and your legal counsel or compliance expert to confirm your agreed pay rule interpretations. We then use this interpretation as the source of truth for all pay reviews. Our automation technology eliminates any risk of human error that is common with manual review methods.
Yellow Canary’s Always On Compliance subscription offers a purpose-built calculator configured to your business needs. Using advanced technology, Yellow Canary creates a fast and scalable solution that simplifies the payroll verification process.
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