• Long Service Leave payments

  • Long Service Leave taken in the normal course of business as leave
  • Long Service Leave payouts (in accordance with the relevant Enterprise Agreement or other industrial instrument)
  • Long Service Leave paid out on termination from the University

• Parental Leave payments

  • Maternity Leave (14 weeks and 12 weeks) plus Paternity Leave

• Extended Sick Leave payments

  • Where during any one calendar year the employee takes in excess of 4 weeks sick leave, the excess component will be transferred from the employee's normal salary account(s) to the Central Leave Account. This process is a manual process and the first round of transfers are normally processed in July and subsequent transfers are processed in September and December.

• Redundancy payments

  • Voluntary Redundancies - One week for each year of service is funded centrally. Please note that this is not a 50/50 arrangement. The Budget centre will incur the cost of one week for each year of service plus any additional weeks payable agreed to in the redundancy.

  • Involuntary Redundancies – 50% of redundancy payment.

• Severance payments

  • Where a severance payment is in excess of 4 weeks, the excess component will be transferred from the employee's normal salary account to a central account.

Processing

Long Service Leave and Parental Leave payments will be automatically charged against the central account. As soon as the leave booking(s) has been processed to the HR System the next update to the TechnologyOne Financials will reduce the costs in the Budget Centre Account(s).

All other types of leave/payments require manual transfers to occur. Apart from Excess sick leave which has a defined timing, other transfers will be processed as soon as possible after the actual transactions have been processed to TechnologyOne Financials.

Central Leave Provision Levy

The Central Leave Provision Levy percentage is charged against appointments allocated against projects in the Operating Ledger (OP). Casual, Scholarship and External Research Funded appointments are currently excluded from contributing towards the levy. Funds arising from the levy are used to cover the centrally charged costs associated with the above arrangements. Please refer to the Salary On-costs menu option for further details on salary on-costs.