Apply to convert Retention Leave to a monetary amount

Introduction

In accordance with the Commissioners Determination 3.1 (Leave), eligible employees can elect to receive a payment instead of taking leave

Getting started

To elect to convert retention leave accrued (preceding financial year) to a monetary amount the following eligibility applies:

Eligible employees are public sector employees who have completed 15 or more years of effective service and who is either:

  • employed under the Education Act 1972, Parliament (Joint Services) Act 1985 or PS Act; or

  • subject to the long service leave entitlements provided in the PS Act, either as a result of regulation 13 of the Public Sector Regulations 2010 or some other industrial instrument (i.e. an Enterprise Agreement)

An employee may elect to convert their retention leave accrued from the preceding financial year (period 1 July to 31 August (inclusive) to a monetary payment.

The monetary payment amount is fixed by regulation and indexed by CPI each year.  A flat withholding tax rate of 38.5% is applied to retention leave balance conversion payments made to employees.

The entire balance accrued during the previous financial year must be converted even where that entitlement is not equivalent to one whole working day

Apply each year between 1 July and 31 August only

  Retention Leave Resources

See also Apply for retention leave

How to

Apply to convert retention leave entitlement to a monetary amount:

  1. Provide your details on the Election to Convert Entitlement to a Monetary Amount form

  2. Sign the form

  3. Send via email, DX or postal address provided on the form

Payroll Services | Leave | Retention Leave Conversion