Long Service Leave Valuation
Long Service Leave (LSL) is a unique entitlement in Australia and New Zealand, rewarding employees for long-term service and loyalty. While the concept is simple, valuing LSL liabilities is complex.
Long Service Leave (LSL) is a unique entitlement in Australia and New Zealand, rewarding employees for long-term service and loyalty. While the concept is simple, valuing LSL liabilities is complex.
In this first article on the funding of Emergency Services in NSW, Martin Fitzpatrick, and Jessie Yu dive into what the Emergency Services Levy (ESL) is, who is liable to collect it, and discuss some historical examples.
Remote monitoring of hospital patients could lead to better patient outcomes and reduced healthcare costs.
The Aged Care Royal Commission is currently considering how aged care should be funded. During September 2020, Paul Keating put forward some interesting ideas about the role of the family home in financing aged care, which we think warrant further consideration.
All investment products, superannuation and otherwise, require the attribution of value to investors. Generally, the changes in value to be attributed at specific points in time (daily, weekly, monthly, …) reflect changes in value of underlying assets.
The issue of CEO bonuses is a perennial favourite of the financial press. This topic will again be a focus in a few months when reporting season begins and companies declare what their CEOs were paid in these unprecedented times.
Issues of service delivery, utilisation, funding, and strategy in the health and hospital sector are always challenging, even more so now as a result of COVID-19.
These notices set out each insurers’s final ESL liability for the 2018/19 year. This is assessed for each insurer on the basis of the Return of Premium form (ROP) submitted by that insurer, and Revenue NSW’s calculation of the size of the whole market from which ESL is to be collected.