There are four types of lump sum payments. The reason the categories exist is that the different lump sum payments types are all treated differently, in regards to income tax and superannuation. The four categories are:
Lump sum A - Long service or annual leave. There are two types of lump sun A Payments: R & T
The payments are a lump sum A type R if the payment was made for a genuine redundancy, invalidity or under an early retirement scheme.
If the payment is made for any other reason, it's a type T.
Lump sum B - Unused long service leave - accrued before 16 August 1978
Lump sum D - Tax free amount of a genuine redundancy or approved early retirement
Lump sum E - Lump sum payments in arrears or non-superannuation annuity payments
Pay Guide - Real Estate Industry Award [MA000106] Published 16 July 2025. When do the rates in the pay guide apply from? The first full pay period starting on or after 01 July 2025. What is in this pay guide? It’s a summary of the award rates. Go to ...
Feature Overview You can now view tenant balances directly from the Issue Tenant Tax Invoice Statement using the Procedures F11 operation for both residential and commercial tenants. How It Works A new column has been added to the tenant tax invoice ...
You can now view the tenant balance when issuing commercial tenant invoices for Rent and Outgoings using the Procedures F11 > Issue Tenant Invoices option. How It Works When generating monthly tenant invoices, the system displays the trust balance ...
New Payment Type Cents Per Kilometre You now have the ability to add a flat $ value amount in Step 5 (Wages) of processing payroll. Should you have any employees who you pay car usage on a Per Kilometre you now have the ability to enter a new Wage ...
The pay owners guide will assisted you with making payments to multiple owners as well as individual owners All operations related to property management can easily be done from the Property Management Procedures window. The shortcut key to this ...