What payments are included as wages?
The definition of wages under state/territory PRT legislation is very broad and includes: * wages/salaries * allowances * commissions * bonuses * employer contributions to superannuation funds on behalf of employees * fringe benefits (as per Federal FBT legislation) * from 1/7/07, the value of shares and options granted to employees, directors, former directors and some contractors * payments to some contractors * payments by employment agencies arising from employment agency contracts * remuneration paid by a company to or in relation to company directors, and * employment termination payments and accrued leave * trust distributions made in lieu of wages in certain circumstances. The precise position in some jurisdictions may vary from the above and should be clarified further. What is not subject to PRT? Not all wages are subject to payroll tax as amounts paid by the following are generally excluded: * religious institutions * public benevolent institutions * public or non-profit hos
