C Salary and wages
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Show at C the total deductible salary, wage and other labour costs incurred in respect of employees employed by the trustee of the fund.
These expenses include any salary and wages, superannuation contributions, allowances, bonuses, payments for casual labour, retainers and commissions paid to people who receive a retainer, and workers compensation paid through the payroll, where any of these payments are applicable to the fund.
Also included are direct and indirect labour, holiday pay, long service leave, lump sum payments, other employee benefits, overtime, payments under an incentive or profit sharing scheme, retiring allowances and sick pay, where any of these payments are applicable to the fund. Include any salary and wages paid to an associated person of the fund.
However, these expenses exclude pension payments, agency fees, contract payments, sub-contract payments, service fees, superannuation benefits, reimbursements or allowances for travel, wages or salaries reimbursed under a government program, management fees and consultant fees.
Last modified: 13 Feb 2019QC 44343