In this series of posts we look at the concept of ‘long service leave’ (LSL) within each respective State and Territory. If you’re thinking about what entitlements you have to LSL and pro-rata, you’ve come to the right place.
For an overview of Long Service Leave entitlement click here
LSL entitlements in Victoria is governed by the Long Service Leave Act 1992 (“the Act). The Act states that;
- An employee will be granted access to LSL after 10 years of continuous employment with one employer. Under this act, an employee ceasing employment after at least seven years of continuous employment with the same employer is entitled to LSL at the accrual rate of one week for each sixty weeks of continuous employment. Pro-rata LSL entitlement paid out after 7 years upon termination of employment.
The calculation of long service leave is the total number of weeks’ employment divided by 60 and multiplied by the ordinary weekly rate of pay at the time the leave is taken, or the employee ceases employment.
To calculate your LSL payment within Victoria, click here
Still unsure what you’re entitlements are? Contact a LawPath consultant on 1800LAWPATH to learn more about Long Service Leave.