Damage To Personal Effects Allowance

Award Definition

Seagoing Industry Award 2010 [MA000122]

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Allowance Description
If,by fire,explosion,foundering,shipwreck,collision or stranding,an employee should sustain damage to or loss of their personal effects or equipment,the employer will compensate them for such damage or loss by a payment equivalent to the value thereof,not exceeding $4352.

What to pay

compensation payment of up to $4,410.00


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?


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