Agreement to Cash Out Annual Leave

Agreement to cash out Annual Leave

Cashing out annual leave means an employee receives payment instead of taking time off work. Annual leave can only be cashed out when an award or registered agreement allows it, please check the award or registered agreement that covers your employee to ensure that you adhere to the terms and conditions of the award/agreement. 

Employers must keep a copy of the agreement with the employee’s records. You can use this template as a record of the agreement about cashing out annual leave.