Damage To Personal Effects Allowance


Seagoing Industry Award 2010 [MA000122]

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Applies from: 01/07/2023

Allowance Description

An employee who sustains damage or loss of their personal effects or equipment due to fire,explosion,foundering,shipwreck,collision or stranding,will be compensated by the employer for the damage or loss by a payment equivalent to the value thereof,not exceeding $5,125.00.

What to pay

compensation payment of up to $5,125.00

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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