At a recent meeting, members had questions regarding the payment of annual leave loading and how this figure is calculated. As such please see below explanation;
The Brimbank EBA annual leave entitlement is detailed within Clause 22- within this clause it states that the annual leave loading is payable in line with Clause 41 of Part B of the EBA, Part B is the Award.
The Award states (Clause 41.6) that employees are entitled to 17.6% loading however are capped to a maximum payment equivalent to the statisticians average weekly earnings.
What is the statisticians average weekly earning?
The Australian Bureau of Statistics’ Average Weekly Earnings survey is designed to measure the level of average earnings in Australia at a point in time. Movements in average weekly earnings can be affected by changes in both the level of earnings per employee and in the composition of the labour force. Factors which can contribute to compositional change include variations in the proportion of full-time, part-time, casual and junior employees; variations in the occupational distribution within and across industries; and variations in the distribution of employment between industries.
This is a figure is approximately $1586.20, In circumstances where an employee is paid more than the statisticians average weekly earnings, their annual leave loading is calculated on this figure as opposed to the amount that they are paid, therefore it is capped.
In lead up to the next negotiations we will consult with members regarding proposing a better clause to be included.
For further information please contact:
ASU Organiser Lorraine Di Pietrantonio | 0400 986 745 | email@example.com