ATO reporting catagory for unused LSL

Question

is "unused leave on termination" the correct ATO Reporting Catagory for unused long service leave paid out on a voluntary termination?

Princess_R · Answer

Hi @GeoffOReilly

Thank you for your reply. As we're not an accountants we're not permitted to advise which ATO Reporting Category to choose for the Unused Long Service Leave. I would recommend speaking to the ATO or your accountant to ensure you are reporting the payments correctly.

Please feel free to post again I'm happy to assist.

If my response has answered your enquiry please click "Accept as Solution" to assist other users find this information.

Cheers,

Princess

GeoffOReilly · Answer

I had alraedy read the "help" article you referred me to. It does help, because it just refers the "leave" ... it is not clear whether "leave" is just unused annual leave, or also includes long service leave.

It's a pretty simple question ... someone ought to know, or be able to refer me to a reference that is more specific

Princess_R · Answer

Hi @GeoffOReilly

Thank you for your post. In STP phase 2, there's different ATO reporting categories for each payroll categories. If your not sure which ATO reporting categories to assign to your payments you will need to check with the ATO or your accountant. The Help Article, Assign ATO reporting categories, has detailed information to assist you with this.

Please feel free to post again if you need further assistance.

If my response has answered your enquiry please click "Accept as Solution" to assist other users find this information.

Cheers,

Princess