Own-account employee payments other than superannuation (ETF 762)

A1B.52.

Own-account employee payments other than superannuation (ETF 762) form part of own-account capital formation (76), and consist of the value of compensation of employees (other than superannuation) relating to employees engaged in work on own-account capital formation. In the ABS GFS, own-account employee payments other than superannuation (ETF 762) are further classified as:

• Own-account wages, salaries and supplements in cash (ETF 7621, TALC, COFOG-A);
• Own-account wages and salaries in kind (ETF 7622, TALC, COFOG-A);
• Own-account salary sacrifice payments - superannuation (ETF 7623, TALC, COFOG-A);
• Own-account salary sacrifice payments - items other than superannuation (ETF 7624, TALC, COFOG-A);
• Own-account fringe benefits tax (FBT) payments (ETF 7625, TALC, COFOG-A);
• Own-account workers' compensation payments (ETF 7626, TALC, COFOG-A); and
• Own-account employee payments not elsewhere classified (ETF 7629, TALC, COFOG-A).

A1B.53.

Own-account wages, salaries and supplements in cash (ETF 7621, TALC, COFOG-A) consist of the value of employer payments relating to employee wages and salaries payable in cash (or any other financial instruments used as means of payments) to employees in return for work done on own-account capital formation. Further information on wages, salaries and supplements in cash can be found in Chapter 7 of this manual.

A1B.54.

Own-account wages and salaries in kind (ETF 7622, TALC, COFOG-A) consist of the value of employer payments relating to employee wages and salaries in kind that are payable in the form of goods, services, interest forgone, and shares issued to employees in return for work done on own-account capital formation. Further information on wages and salaries in kind can be found in Chapter 7 of this manual.

A1B.55.

Own-account salary sacrifice payments - superannuation (ETF 7623, TALC, COFOG-A) consist of the value of salary sacrifice payments relating to superannuation provided by the employer to employees working on own-account capital formation through a salary sacrifice arrangement.

A1B.56.

Own-account salary sacrifice payments - items other than superannuation (ETF 7624, TALC, COFOG-A) consist of the value of salary sacrifice payments relating to items other than superannuation (such as a car, or computer) provided by the employer to employees working on own-account capital formation through a salary sacrifice arrangement.

A1B.57.

Own-account fringe benefits tax (FBT) payments (ETF 7625, TALC, COFOG-A) consist of the value of employers' FBT payments relating to employees working on own-account capital formation. Further information on FBT can be found in paragraphs 7.24 to 7.25 of this manual.

A1B.58.

Own-account workers' compensation payments (ETF 7626, TALC, COFOG-A) consist of the value of employer payments for the provision of workers' compensation for employees working on own-account capital formation. Further information on workers' compensation can be found in paragraph 7.26 of this manual.

A1B.59.

Own-account employee payments not elsewhere classified (ETF 7629, TALC, COFOG-A) consist of the value of employee payments connected to work relating to own-account capital formation other than superannuation, wages, salaries and supplements, salary sacrificed items, FBT payments, and workers' compensation payments. This item includes accrued costs for the period relating to sick leave paid, annual leave, long service leave, retirement and redundancy for employees working on own-account capital formation. Further information on other employee payments not elsewhere classified can be found in paragraph 7.27 of this manual.