Taxation Administration Act 1953 - Withholding Schedules 2005 (2004 Budget Changes)
Payees who continue working for youPayees who continue working for you
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Payees who continue working for you
For withholding purposes you must include holiday pay (including any leave loading) and long service leave payments as part of normal earnings except when they are paid on termination of employment. Payment for leave loading is subject to withholding if it exceeds the current threshold of $320. Only that part of the payment which exceeds this threshold should be subject to withholding, unless your payee asks you to withhold from the full amount.
Image unavailable in extracted text Refer to PAYG withholding – calculation sheet – Index No 6209 – holiday and long service leave payments for continuing employment.