Time Off In Lieu (Cashed Out) (Incorrect Hours)
Nov 16, 2024
1081
🎯 Time Off In Lieu (Cashed Out) (Incorrect Hours) reduces the leave balance. If the Leave Balance does not need to be reduced, Time Off In Lieu (Cashed Out) (Incorrect Rate) should be used instead.
🎯 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.
Time Off In Lieu (Cashed Out) (Incorrect Hours) is applicable when the Payee was underpaid Time Off In Lieu (Cashed Out) in a prior pay period due to incorrect hours being recorded in the Pay Run.
Time Off In Lieu (Cashed Out) (Incorrect Hours) uses the Rate Per Hour set in the Payee Master File multiplied by 1.5 (150.00%) and Leave Entitlements are not applicable. Payments with this pay type are considered to be Salary & Wages and Taxable, however, they are not Ordinary Time Earnings (OTE).
