Cashing out & ending employment
Cashing out annual leave
- Must be by written agreement (cannot be compelled).
- You must be paid what you would have received if you had taken the leave (including any applicable loading).
- You must retain at least 4 weeks accrued annual leave after the cash‑out.
- Many awards cap cash‑out (commonly no more than 2 weeks per year) and set additional conditions.
On termination of employment
- All accrued annual leave is paid out in the final pay.
- Where an applicable instrument provides leave loading on annual leave, it is generally included on payout if it would have applied when taking the leave.