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Outstanding payments for time worked up to termination: All outstanding payments must be paid to an employee upon termination. Payments may include any outstanding ordinary time hours, overtime, allowances, leave taken, bonuses, shift loadings, etc, that would have been payable and treated as normal pay and taxed using the appropriate tax tables. Other payments can … Read more

How is it taxed? Where does it go on a payment summary? Is it superable? It is taxed using the ATO’s tax table for Backpay, bonuses, commissions and similar payments. You will use either Method A or B. The method for marginal rates tax is shown below: 1. Use the Tax Tables to work out … Read more

Under the Fair Work Act, certain amounts can be withheld from an employee’s pay providing they meet the requirements of being “permitted deductions”. This part of the law is aimed at deductions like health insurance payments, union fees and similar. Such deductions can occur where the employee has made the request in writing and the … Read more

Q/ We currently pay superannuation on our tool and fixed rate car allowances based on advice from the ATO we’ve had in the past. However, I noticed the ATO has recently changed its “Withholding from Allowances” document to include a superannuation column. It says these allowances are not superable. Can you assist with what is … Read more