...
| Info |
|---|
The requirement to report payments of the leave as Other Paid Leave (O) means that the payments will show as such on a payee’s income statement, if the payee is classed as an Individual Non Business payee. FastTrack are aware of representations currently being made to the ATO that seek to change this requirement so that payments can be reported as un-disaggregated gross earnings instead. This is due to concerns that showing a disaggregated payment on the income statement could make it conspicuous that a payee has taken PFDVL, especially if they are a casual employee who is not eligible for other types of paid leave. The guidance provided below is based on the current requirement as communicated by the ATO. However, given the representations being made to the ATO , there is a possibility that the requirement could change prior to when the leave comes into effect. |
...