Annual Leave
Oct 25, 2023
552
🎯 The reporting of payments for Annual Leave are now disaggregated per the Australian Taxation Office Single Touch Payroll Phase 2 guidance. Rather than being included in Gross, Annual Leave is now reported separately under Paid Leave Type Code = O.
🎯 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.
Annual Leave is applicable when the Payee is being paid for their absence from work. The entitlement to annual leave comes from the National Employment Standards. If the Payee is entitled to loading when Annual Leave is taken, this Pay Rate is used in conjunction with either Leave Loading (OTE) or Leave Loading.
Annual Leave uses the Rate Per Hour set in the Payee Master File (100.00%) and Leave Entitlements are applicable, provided the rules have been configured. Payments with this pay type are considered to be W1 (Total of Salary, Wages & other payments), Taxable and Ordinary Time Earnings (OTE).
