MONIES IN LIEU OF NOTICE PERIOD NOT WORKED-WHAT IS ATO REPORTING CATEGORY?
Good Morning. Anyone please to help me. When employees resigned they need to give notice period. And when they did not work on the notice period we need to take monies from their unused holiday as per our collective agreement. I've created a Payroll Category under Wages for the Notice period not worked as "Forfeit Wages In lieu of Notice period. Is this correct? And what is the ATO Reporting Category of this? Gross Payment or Not Reportable? Will really appreciate anyone who will reply to this. Best Regards, Jema220Views0likes1Comment