Leave loading cashed out & STP2
Hello,
Our company policy is that Leave Loading paid is due to a "lost opportunity to earn overtime" and as such for STP2 is given the ATO reporting category of Overtime.
When an employee, who is entitled to Leave loading, wishes to CashOut HolidayLeave whilst in Service, the Holiday leave itself is put to a specific Payroll category, which points to the correct ATO Reporting category for Cashed Out Leave in Service
My question is:
Does the leave loading paid at this same time (cashed out whilst in service) also get put to this same ATO Reporting category in this case, or still Overtime?
Thanks
Hi Basketball
Thanks for your post. We're not able to advise on the applicable ATO reporting category assigned to payments. If you're not sure you will need to speak to the ATO or your accountant.
Please let me know if you need further help.
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