Jun 10 • 🧾 Bookkeeping
New term 'qualifying earnings' as of 1 July 26
✅ The REAL changes: OTE (Ordinary Time Earnings)→ Qualifying Earnings (QE)
1. Name change only — the base stays the same
- OTE becomes Qualifying Earnings (QE).
- The components included are the same: ordinary hours, paid leave, allowances (most), bonuses, commissions, salary sacrifice, etc.
- Overtime is still excluded.
👉 No change to what earnings attract super.
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New term 'qualifying earnings' as of 1 July 26
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