Loss Of Personal Effects Allowance - Outside Work


Award Definition

Marine Towage Award 2010 [MA000050]

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Applies from: 01/07/2023

Allowance Description
If an employee sustains damage to or loss of their personal effects or equipment by fire, explosion, foundering, shipwreck, collision or stranding, the employer will compensate the employee for the damage or loss by a payment equivalent to the value of the personal effects or equipment damaged or lost.

The maximum total amount payable is $1754 (or $2799 if the damage or loss occurs on outside work). The maximum amount payable for any one item is $476.32.



What to pay

compensation for loss or damage to a maximum of $476.32 per item with a maximum total payment of $2,856.00

Notes

This is a type of expense allowance where we would expect the employee to claim a deduction for this in their tax return

Should you withhold tax?

Do not withhold from this allowancd

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?

Other PAYEVNTEMP8

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