nav[aria-label="Primary Navigation"] { padding: 0; & ul { list-style: none; width: 100%; display: flex; flex-direction: row; justify-content: start; align-items: start; gap: 30px; padding: 0; & li { margin: 0; } & ul li { list-style: none; } } }

Interest on late workcover weekly payment

Miranda_C

I would like to ask if anyone know how to process payroll regarding Interest resulted from late payment on workcover weekly payment to the employee? That is, when we received interest reimbursement from Workcover agent to back pay to the employee, in this case, how to process this reimbursement to the employee on payroll? This interest does not attract PAYG Withholding according to Worksafe.

Can anyone advise? That will be appreciated.

Regards

Miranda

Find more posts tagged with

Accepted answers

Shella_A

Hi @Miranda_C

Processing payroll regarding interest resulted from late payment on workcover weekly payment to the employee can be quite complex. To reimburse an employee for an expense they've incurred on behalf of your business, you can set up a new pay item. This lets you reimburse the employee for their next pay. See this helpful article about reimbursing an employee for a more detailed guide to the process. Let me know if you need further help!

Kind regards,

Shella

All comments

Miranda_C

Hi Shella

Thank you for your advice and a very helpful information. I've followed and set up as the guidance on the reimbursing an employee, it has solved the problem. Really appreciate your guidance and advice.

Thanks heaps and regards

Miranda

Shella_A

Hi @Miranda_C

Kind regards,

Shella