Triple Time Explained (System Default Pay Rate)
Sep 26, 2024
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🎯 The reporting of payments for Triple Time are now disaggregated per the Australian Taxation Office Single Touch Payroll Phase 2 guidance. Rather than being included in Gross, Triple Time is now reported separately under Overtime.
🎯 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.
Triple Time is applicable when the Payee is entitled to loading on their standard rate of pay as they are required to work overtime or on a particular day of the year (such as a weekend).
For example, under the Broadcasting, Recorded Entertainment and Cinemas Award 2020 [MA000091]. A Full or Part Time Payee is entitled to be paid 300% of the minimum hourly rate for any hours worked in excess of 12 hours per day.
Triple Time uses the Rate Per Hour set in the Payee Master File multiplied by 3 (300.00%) and Leave Entitlements are not applicable. Payments with this pay type are considered to be W1 (Total of Salary, Wages & other payments) and Taxable, however, they are not Ordinary Time Earnings (OTE).
