Loss Of Tools Allowance


Award Definition

Electrical, Electronic and Communications Contracting Award 2010 [MA000025]

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Applies from: 01/07/2023

Allowance Description
An employer must compensate an employee by the payment of an allowance to replace tools lost by breaking and entering whilst securely stored at the employer’s direction in a room or building on the employer’s premises, job, workshop or in a lock-up to a maximum trade value of $383.67.

What to pay

payment up to a maximum trade value of $383.67

Notes

This isn't technically an allowance, more a payment for hours worked

Should you withhold tax?

Withhold tax from these payments

Should super be paid on this allowance?

Include super to the extent that it is within ordinary hours

Should payroll tax be paid on this allowance?

Include this allowance for payroll tax purposes

How is it treated on the payment summary?

Include this as part of gross wages

How should it be reported for Single Touch Payroll?

Gross PAYEVNTEMP47

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