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Long Service Leave (Cashed Out)
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ūüéĮ The reporting of payments for Long Service Leave (Cashed Out) are now¬†disaggregated per the¬†Australian Taxation Office¬†Single Touch Payroll Phase 2¬†guidance.¬†Rather than being included in Gross,¬†Long Service Leave (Cashed Out)¬†is¬†now¬†reported separately under¬†Paid Leave Type Code = C.

ūüéĮ If you are unsure if this¬†Pay Type¬†applies to your circumstances, please refer to the Payee's¬†Employment Contract¬†or¬†obtain advice from either the¬†Australian Taxation Office¬†or¬†Fair Work Ombudsman.

 

Long Service Leave (Cashed Out) is applicable when the Payee is being paid without taking an absence from work.

 

Long Service Leave (Cashed Out) uses the Rate Per Hour set in the Payee Master File (100.00%) and Leave Entitlements are not applicable. Payments with this pay type are considered to be W1 (Total of Salary, Wages & other payments), Taxable and Ordinary Time Earnings (OTE).

 

 

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