Superannuation



Superannuation Information




Ordinary Time Earnings

Type of Payment Include in Super Comment



Regular Pay Yes This is often called "Hourly Pay" or "Salary" when using QuickBooks



Shift Loadings Yes Sometimes called Shift Penalties or Shift Rates



Overtime No Overtime rates vary depending on the time worked. Eg: Time and a Half and Double Time.



Holiday Loading No Normally set at 17.5%



Sick & Holiday Pay Yes This excludes leave paid on termination



Long Service Leave Yes This excludes leave paid on termination



Termination Pay No This is typically holiday and or long service leave that is available to an employee as of the Termination Date.



Redundancy Payments No Paid for non-transferable credits and any inconvenience and hardship caused