Leave Balances - NZ

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This section deals with the issues involved with storing and interpreting opening leave balances for both Holiday Pay - NZ and Baps.

Holiday Pay Opening Balances

Per the Holiday's Act, all Holiday leave balances are stored in weeks (rather than dollars, hours, days etc) and as per the Act the actual value of the weeks is determined by an individual employee's regular pattern of work.

Additionally, per the Act, people are not entitled to leave prior to the twelve month anniversary of their employment and while they will have an entitlement upon termination (ie pay out of 8% of their gross earnings) these are not technically weeks until the 12 months have elapsed.

When it comes to determining an actual value for someone's leave where they have worked 12 months then it is 4 weeks (assuming they have not taken any leave) at their relevant weekly pay. Their relevant weekly pay is determined by the three factors of Relevant Daily Pay, # Days Worked Per week & # Hours Worked per week.

This can present some challenges when calculating the values (eg weeks or 8%