Allowance Description
(i) All employees covered by this award will be paid an industry allowance of 6.97% of the standard rate per week. This allowance is paid for all purposes of the award.
(ii) The industry allowance is paid in total recognition of the unique features associated with the cash in transit industry. These features include but are not restricted to the requirement to:
●work for continuous lengthy periods inside an armoured vehicle;
●obtain and abide by security and firearm licences;
●handle and manage the collection and distribution of valuable items;and
●adhere to strict security operating procedures as laid down from company to company.
These industry features may vary from workplace to workplace.
What to pay
$1.72 per hour
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
