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Payment Explained
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ūüéĮ¬†Payment¬†is the second section within¬†Employment and Payment, and displays the relevant settings from the Award or Agreement assigned to the Payee within Employment.
 

 

Pay Period defines how frequently the Payee will be paid.

OTE Hours Per Week is prefilled based on the Award or Agreement assigned to the Payee. However, it can be amended as required. This field allows you to define the Average or Defined hours as per the Payee's signed Payee's Employment Contract.

 

Days Per Week is prefilled based on the Award or Agreement assigned to the Payee. However, it can be amended as required. This field allows you to define the Average or Defined Days Per Week as per the Payee's signed Payee's Employment Contract.

 

Hours Per Day is dynamically calculated based on the OTE Hours Per Week divided by the Days Per Week.

 

Rate Per Hour is prefilled based on the Award or Agreement assigned to the Payee. However, it can be amended as required. This field allows you to define the OTE Hourly Rate as per the Payee's signed Payee's Employment Contract.

 

Per Week (estimate) is dynamically calculated based on the OTE Hours Per Week multiplied by the Rate Per Hour.

 

Annual Salary (Excluding SG) is dynamically calculated based on the Rate Per Hour multiplied by the OTE Hours Per Week, the total then being multiplied by the organisation Weeks Per Year setting. This field allows you to define the Annual Salary exclusive of Employer Superannuation as per the Payee's signed Employment Contract.

 

Commenced allows you to define the date the Payee/Payer relationship began.

 

Cessation Date allows you to define the date the Payee/Payer relationship ended. In the case of a Deceased Payee, this is the date they passed away.

 

Cessation Reason is displayed once a Cessation Date has been entered wing you to define why the Payee/Payer relationship ended.

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