Directors Fees (Incorrect Hours or Rate)
Nov 16, 2024
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🎯 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.
Directors Fees (Incorrect Hours or Rate) is applicable when the Payee was underpaid Directors' Fees in a prior pay period due to an incorrect $ (or % of Rate Per Hour) being recorded in the Pay Run.
Directors Fees (Incorrect Hours or Rate) uses the $ (or % of Rate Per Hour) set within the Pay Rate 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).
