Workers

Calculated Rate of Pay:

The rate of pay for your claim matches your ordinary rate of pay as a Working Director. CoINVEST is regularly updated with your wage information via your quarterly Workers Days and Wages submission. We use this information to present you with an accurate ‘calculated’ rate of pay when you apply to claim Long Service Leave.

By accepting the rate of pay presented in your claim, you won’t need to provide any payslips or further information. Payment will generally occur within 1-3 business days from application for this type of claim.

Complex Claims:

In some cases, we may not be able to offer you a ‘calculated rate of pay’, or you may choose not to accept the offered rate. These types of claims will be more complex and will require additional time to process.

We will request further information and proof of financial documentation to determine an accurate rate of pay for your claim, consistent with the documentation you provide.

If you are unable to provide proof of financial documentation, CoINVEST reserves the right to put your claim ‘on hold’ or pay your claim at the Minimum Contribution Rate for your trade (see menus below).

Any excess above this rate from previous contributions will then be refunded to your company in a separate ‘adjustment’ process.

For the purposes of completing your quarterly WDW submission, the below table outlines both the weekly and daily rate for each trade. Simply locate the applicable trade in the table and use the daily rate multiplied by the amount of days worked in the quarter.

The trades listed below come under various awards – MA000020 covers Building and Construction General On-site Award 2010. MA000036 covers Plumbing & Fire Sprinklers Award 2010. These are awards are still in place and active in 2022/2023.

For the purposes of completing your quarterly WDW submission, the below table outlines both the weekly and daily rate for each trade. Simply locate the applicable trade in the table and use the daily rate multiplied by the amount of days worked in the quarter (normally this is around 65 days maximum per quarter).

The trades listed below come under the following awards which are in place and active for 2022/2023: Building and Construction General On-site Award 2010 – MA000020. Manufacturing & Associated Industries & Occupations Award 2010 – MA000010

For the purposes of completing your quarterly WDW submission, the below table outlines both the weekly and daily rate for each trade. Simply locate the applicable trade in the table and use the daily rate multiplied by the amount of days worked in the quarter (normally this is around 65 days maximum per quarter).

The trades listed below come under the following awards which are in place and active for 2022/2023: Electrical, Electronic and Communications Contracting Award 2010 – MA000025.