54Long service leave payments to employees

54 Long service leave payments to employees

54 Long service leave payments to employees

(1) For sections 50 and 52, the amount payable to an employee for long service leave for service accrued as a registered worker is the amount calculated using the following formula—

where—

D means the number of days of recognised service to which the amount payable relates.

R is the highest of the weekly averages of the ordinary remuneration received by the registered worker during each of the following periods that applies to the worker—

(a) the most recent 2 quarters of service as a registered worker before the designated day,

(b) the most recent 4 quarters of service as a registered worker before the designated day,

(c) the most recent 20 quarters of service as a registered worker before the designated day,

(d) the most recent 28 quarters of service as a registered worker before the designated day.

(2) In this section—

designated day, for long service leave, means the following—

(a) for a registered worker taking long service leave—the day the leave starts,

(b) for a registered worker being paid pro rata instead of taking long service leave—the day the Corporation approves the application for payment.