The ABS has today advised that the May 2022 quarter average weekly earnings (trend) figure for all Australian males is $1,587.00.
Many universities have a maximum annual leave loading payable under their enterprise agreements, and have traditionally used the ABS August quarter average weekly earnings (trend) figure for all Australian males for this purpose. The ABS, however, no longer issues August average weekly earnings figures, as it now only produces biannual figures for November and May of each year in the following February and August respectively. For further details please see the figure for ‘Earnings; Males; Total earnings; All Industries’ taken from ‘TABLE 10C. Average Weekly Earnings, Industry, Australia (Dollars) – Original – Males, Total Earnings’ Excel Spreadsheet which is available to download here.
Please refer to the wording of your enterprise agreement to check whether this cap is appropriately applicable to your university.
If you require further information please contact Marcus Miller, Principal Advisor Workplace Relations on 0400 152 359.