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pay out unused leave as a gross payment, Lump Sum A payment or a Lump Sum B payment
make lump sum payouts of accrued leave that is required to be paid out at termination (Lump Sum A and Lump Sum B)
make taxable and non-taxable Lump Sum D payments
make taxable and non-taxable employment termination payments (ETPs).
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When leave is paid out at the Termination stage the entitlement balance or the entitlement balance and the accrual balance are paid out, depending on how the corresponding leave type has been configured in the Leave module. |
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At this stage of the pay batch process the system automatically calculates the Goods and Services Tax (GST) that is payable to payees whose earnings are subject to GST. A payee's earnings are subject to GST if the payee is an company contractor (i.e. has a tax type of Company) who is registered for the collection of GST. company Company contractors are deemed to provide a service to the employer by whom they are employed and, therefore, the employer is required to pay GST on their earnings.
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At this stage you can also adjust the employer superannuation accrual balance of individual payees as well as trigger a one-off transfer of the balance of a payee’s employer superannuation accrual from one superannuation fund to another.
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At the Wage Costs stage of the pay batch process, the system calculates and accrues employer superannuation only. Payee superannuation contributions, which are derived from deductions taken from a payee's gross or net earnings, are not included in the accrued superannuation amounts shown at the Wage Costs stage.
The following conditions apply to transferring accrued superannuation at the Wage Costs stage:
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Only employer superannuation contributions (i.e. contributions accrued at the Wage Costs stage of a pay batch) can be transferred. If a payee requests to have their personal superannuation contributions paid to a different fund, their current payee superannuation deductions must be closed-off and new superannuation deductions must be created to reference the relevant superannuation fund.
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A transfer can only be applied to superannuation contributions that have been accrued during a current, open contribution period; a transfer will not result in a rollover of paid contributions from one fund to another.
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Employee Benefits
At this stage of the pay batch process the system automatically calculates the amount of employee benefits scheme contributions that each eligible payee has accrued in the pay period to which the pay batch corresponds.
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