Previous page

Next page

Ordinary Time Earnings Allowances

Exolvo uses Ordinary Time Earnings (OTE) to calculate superannuation guarantee contributions and determine whether the employee has exceeded the quarterly maximum earnings threshold. See Superannuation Rates and Thresholds.

Ordinary time earnings are generally what employees earn for their ordinary hours of work, including over-award payments, commissions, allowances, and paid leave.

Further Reading: For more information, see https://www.ato.gov.au/Business/Super-for-employers/In-detail/Ordinary-time-earnings/Ordinary-time-earnings-and-super-guarantee---examples/

Topic: 22000