🎯 If you are unsure if these Pay Rates apply to your circumstances, please refer to the Payee's Employment Contract or obtain advice from the Australian Taxation Office or Fair Work Ombudsman.
There are seven Pay Rates in the Adjustments category,
Bonus applies when the Payee is being paid a bonus related to performance within regular hours or a once-off payment, such as a Christmas Bonus, which needs to be taxed over the entire Financial Year.
The reporting of payments for Bonuses is now disaggregated per the Australian Taxation Office Single Touch Payroll Phase 2 guidance. Rather than being included in Gross, Bonus is now reported separately under Bonuses and Commission (PAYEVNTEMP262).
Payments with this Pay Rate use the $ (or % of Rate Per Hour) set within the Pay Rate, and Leave Entitlements are not applicable. These payments are considered W1 (Total of Salary, Wages, and other payments), Taxable per Schedule 5, Method B (ii), and OTE (SGAA).
The value of these transactions is stored in Bonuses and Commissions within Taxation Balances (Year to Date) in the Payee Master File.
Bonus (Marginal Tax) applies when the Payee is being paid a bonus related to performance within regular hours or a once-off payment, such as a Christmas Bonus, which needs to be taxed over a single Pay Period.
The reporting of payments for Bonus (Marginal Tax) is now disaggregated per the Australian Taxation Office Single Touch Payroll Phase 2 guidance. Rather than being included in Gross, Bonus (Marginal Tax) is now reported separately under Bonuses and Commission (PAYEVNTEMP262).
Payments with this Pay Rate use the $ (or % of Rate Per Hour) set within the Pay Rate, and Leave Entitlements are not applicable. These payments are considered W1 (Total of Salary, Wages, and other payments), Taxable per the Marginal Tax Rate, and OTE (SGAA).
The value of these transactions is stored in Bonuses and Commissions within Taxation Balances (Year to Date) in the Payee Master File.
Commission applies when the Payee is being paid a bonus that relates entirely to a Commission payment, which needs to be taxed over the entire Financial Year.
The reporting of payments for Commission is now disaggregated per the Australian Taxation Office Single Touch Payroll Phase 2 guidance. Rather than being included in Gross, Commission is now reported separately under Bonuses and Commission (PAYEVNTEMP262).
Payments with this Pay Rate use the $ (or % of Rate Per Hour) set within the Pay Rate, and Leave Entitlements are not applicable. These payments are considered W1 (Total of Salary, Wages, and other payments), Taxable per Schedule 5, Method B (ii), and OTE (SGAA).
The value of these transactions is stored in Bonuses and Commissions within Taxation Balances (Year to Date) in the Payee Master File.
Commission (Marginal Tax) applies when the Payee is being paid a bonus that relates entirely to a Commission payment, which needs to be taxed over a single Pay Period.
The reporting of payments for Commission (Marginal Tax) is now disaggregated per the Australian Taxation Office Single Touch Payroll Phase 2 guidance. Rather than being included in Gross, Commission (Marginal Tax) is now reported separately under Bonuses and Commission (PAYEVNTEMP262).
Payments with this Pay Rate use the $ (or % of Rate Per Hour) set within the Pay Rate, and Leave Entitlements are not applicable. These payments are considered W1 (Total of Salary, Wages, and other payments), Taxable per the Marginal Tax Rate, and OTE (SGAA).
The value of these transactions is stored in Bonuses and Commissions within Taxation Balances (Year to Date) in the Payee Master File.
Overtime Bonus applies when the Payee is being paid a bonus related to Performance outside regular (overtime) hours, which needs to be taxed over the entire Financial Year.
The reporting of payments for Overtime Bonus is now disaggregated per the Australian Taxation Office Single Touch Payroll Phase 2 guidance. Rather than being included in Gross, Overtime Bonus is now reported separately under Overtime (PAYEVNTEMP263).
Payments with this Pay Rate use the $ (or % of Rate Per Hour) set within the Pay Rate, and Leave Entitlements are not applicable. These payments are considered W1 (Total of Salary, Wages, and other payments) and Taxable using Schedule 5, Method B (ii). However, they are not OTE (SGAA).
The value of these transactions is stored in Overtime within Taxation Balances (Year to Date) in the Payee Master File.
Overtime Bonus (Marginal Tax) applies when the Payee is being paid a bonus related to Performance outside regular (overtime) hours, which needs to be taxed over a single Pay Period.
The reporting of payments for Overtime Bonus (Marginal Tax) is now disaggregated per the Australian Taxation Office Single Touch Payroll Phase 2 guidance. Rather than being included in Gross, Overtime Bonus (Marginal Tax) is now reported separately under Overtime (PAYEVNTEMP263).
Payments with this Pay Rate use the $ (or % of Rate Per Hour) set within the Pay Rate, and Leave Entitlements are not applicable. These payments are considered W1 (Total of Salary, Wages, and other payments) and Taxable per the Marginal Tax Rate. However, they are not OTE (SGAA).
The value of these transactions is stored in Overtime within Taxation Balances (Year to Date) in the Payee Master File.
Return to Work applies when the Payee is being paid a bonus to encourage them to return to the employer, end industrial action and have employees resume work or withdraw their resignation.
The reporting of payments for Return to Work is now disaggregated per the Australian Taxation Office Single Touch Payroll Phase 2 guidance. Rather than being included in Gross, Return to Work is now reported separately under Lump Sum W (PAYEVNTEMP224).
Payments with this Pay Rate use the $ (or % of Rate Per Hour) set within the Pay Rate, and Leave Entitlements are not applicable. These payments are considered W1 (Total of Salary, Wages, and other payments), Taxable per Schedule 4, and OTE (SGAA).
The value of these transactions is stored in Lump Sum within Taxation Balances (Year to Date) in the Payee Master File.