Can your employees cash out their long service leave?
Not sure if you can cash out your employees'superannuation? The laws and regulations around the country surrounding the concept of ‘cashing out’ long service leave are summarised here.
The team at the HR in Practice service has recently received a number of enquiries from members regarding the ‘cashing out’ of long service leave (LSL).
Specifically, this involves being paid out LSL as a financial sum in place of taking time off. This is not the same as being paid out leave when leaving a job.
