Allowance Description
Where an employer requires an employee to provide tools,other than basic consumables,the employer will reimburse the employee the cost of providing the tools or pay the employee a weekly allowance of $22.96 to compensate for the purchase and maintenance in efficient working order of tools required for the performance of work.
What to pay
$0.60 per hour
Notes
This allowance is paid for employees providing their own tools. The assumption is that the employee would spend the allowance on replacing their tools from time to time
Should you withhold tax?
Do not withhold tax from this allowance
Should super be paid on this allowance?
This allowance should not form part of ordinary times earnings
Should payroll tax be paid on this allowance?
Include this allowance for payroll tax purposes
How is it treated on the payment summary?
Show the allowance separately in the allowance box
How should it be reported for Single Touch Payroll?
Tools