Hi ATO peeps, my company currently provides a 'purchased leave' scheme through Fortnightly salary deductions which is set out in our leave policy as a voluntary agreement between employee and employer.
I am paid a salary fortnightly and a commission payment quarterly. the latter value can vary.
Q: Can I and the company all or some of the lump sum commission value to buy 'purchased leave days'?
Q: Are there any further tax implications for the company or myself doing this? Does it contravene any ATO laws, rules or regulations?
Look forward to hearing from you and thanks in advance for your help.
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7,098 views
3 replies