Back Payments - Annual Leave (Cashed Out) (Incorrect Rate)
Jan 20, 2025
794
🎯 Annual Leave (Cashed Out) (Incorrect Rate) does not reduce the leave balance. If the Leave Balance needs to be reduced, Annual Leave (Cashed Out) (Incorrect Hours) 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.
Annual Leave (Cashed Out) (Incorrect Rate) is applicable when the Payee was underpaid Annual Leave (Cashed Out) in a prior pay period due to an incorrect $ (or % of Rate Per Hour) being recorded in the Pay Run.
Payments with this Pay Type use the $ (or % of Rate Per Hour) set within the Pay Rate, and Leave Entitlements are not applicable. These payments are considered W1 (Total of Salary, Wages, and other payments), Taxable, and OTE (SGAA).
