The changes will affect:
1. Cashing out of leave
Employees can now 'cash out' a limited amount of accrued annual leave, if:
2. Taking annual leave in advance
Employees are allowed to take annual leave before it has been accrued, provided that:
Bryan Wilcox, REEF Chief Executive Officer said: “These changes are far from perfect for employers due to the regrettable administrative restrictions. They do provide however, a modest improvement on current annual leave arrangements.”
3. Managing excessive leave balances
Bryan added that the issue of excessive annual leave has been an issue for a long time in real estate.
The rules now allow a way of reducing this by direction.
Bryan added: “If the employer and employee cannot agree on how to reduce or eliminate excessive annual leave, the employer can direct the employee in writing to take an amount of annual leave.”
However, this direction is subject to the following limitations:
The same provisions will apply for an employee wanting to take annual leave.
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