Termination Pay (Australia only)

KwikPay has several payments already defined to make different categories of termination payments. Each payment has been defined so that the correct tax is calculated on termination pay.

Two payments have been set up to pay accrued annual leave. 'Annual lve accrued pre 93' should be used for annual leave accrued prior to 18 August 1993; 'Annual lve accrued post 93' will be used to pay annual leave accrued after 18 August 1993.

Three payments have been set up to pay accrued long service leave. Use 'LSL accrued pre 16/8/78' to pay long service leave accrued prior to 16 August 1978, 'LSL accrued post 78 pre 93' for long service leave accrued after 15 August 1978 and before 18 August 1993, and use 'LSL accrued post 93' for long service leave accrued after 18 August 1993 if the amount was paid because the employee ceased employment under an approved retirement scheme, because of invalidity or because of bona fide redundancy.

Two payments are set up to pay leave loading. 'Lve Loading accrued pre 93' is to pay leave loading accrued prior to 18 August 1993, and 'Lve Loading accrued post 93' is for leave loading payments accrued after 18 August 1993.