Worked - Directors' Fees
Jan 20, 2025
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🎯 The reporting of payments for Directors' Fees are now disaggregated per the Australian Taxation Office Single Touch Payroll Phase 2 guidance. Rather than being included in Gross, Directors' Fees are now reported separately under Directors Fees.
🎯 If you are unsure if this Pay Type applies to your circumstances, please refer to the Payee's Employment Contract or obtain advice from either the Australian Taxation Office or Fair Work Ombudsman.
Directors' Fees are applicable when the Payee requires compensation for services performed as a Company Director. In certain circumstances, a Director may also receive Ordinary Time.
Payments with this Pay Type use the Rate Per Hour set in the Payee Master File, and Leave Entitlements are applicable, provided the rules have been configured. These payments are considered W1 (Total of Salary, Wages, and other payments), Taxable, and OTE (SGAA).
