Skip to content | Change text size
 

Remuneration & related expenses for Visiting Academics (residents of Australia)

The Dean will be responsible for specifying any payment including Fee for Service/Remuneration, travel and Living Away From Home Allowances.

All payments can be paid either through payroll or the visitor may elect to invoice Monash University, see Payment Procedure for more information. All costs associated with the Visiting Academic are to be charged to the Department/School, Faculty.

Remuneration

Guidelines

The Dean will be responsible for specifying any payment made for Fee for Service/Remuneration.

If you have any queries, please visit ask.monash.

Payment

All payments including benefit payments can be paid either through payroll, or the visitor may elect to invoice or have their home University invoice Monash University. See Payment Procedure for payment details.

The monies will be payable in terms of the period of the visit ie. a short stay may be a single payment and a longer stay a regular payment for the period of the visit.

Income Tax

Tax Payable

Income tax will be deducted at the appropriate level for the Remuneration component of any payment.

Tax Exempt

If the visitor elects to either invoice Monash University or have their home University invoice Monash University, then they may be exempt from Income tax.

Payroll Tax

The University will be required to pay payroll tax on the full amount of any payment that might be construed as Remuneration (under the Payroll Tax Act 1971) to the visitor and any allowance such as LAFHA that is subject to FBT. The payroll tax rate applicable for the 2004/5 tax year is 5.25%.

Superannuation

A visitor who receives Remuneration or Fee for Service that exceeds $450 per month, is considered by Monash to be a staff member for the purpose of the superannuation guarantee legislation.

For the 2004-2005 tax years, this obligation is 9% of the visitor’s Remuneration. Other Superannuation Guarantee Legislation thresholds may also apply.

The University is not required to pay superannuation on the Living Away From Home Allowance or the reimbursement of FBT exempt travel expenses paid to the visitor.

WorkCover

The University WorkCover policy covers eligible visitors for the duration of their visit to the University. The current WorkCover oncost is 1% of any payment considered to be Remuneration under the Workers Compensation Act e.g. LAFHA, superannuation.