Hey DelpClem,
Workers compensation can get a bit tricky. Since your employee's situation is a bit different, the Fairwork website is a good place to start or have a chat with your accountant. They'll be able to point you in the right direction and make sure everything's done properly under the TAS rules.
Cheers,
Doreen
Thanks Doreen, have already contacted Fair Work who dont give any advice in relation to Workers Comp and our Accountant who referred us to ATO who in turn said to speak with our accounting software provider. We understand what is required of us, just not how it is treated and processed in MYOB as once our employee is terminated we have no obligation for PAYG, Superannuation etc. I have been told other software providers have options that allow for a non wage payment to be made to a third party, in this case our ex-employee. That is what I am seeking assistance with, if you can help?
Hi DelpClem,
You can check this link about how paying workers' compensation works in MYOB. However, since your scenario is different, you will need the help from your accounting advisor about the best way to manage the payments in MYOB. They can surely provide you with the most precise guidance tailored to your situation.
Regards,
Shella
