In this edition of BK Pod, Peter and Kerrie discuss Ordinary Time Earnings (OTE). The Payday Super (PDS) legislation also introduces an adjacent term, Qualifying Earnings (QE), that, together with OTE, will drive key elements of PDS. That means a very clear working knowledge of OTE becomes essential. Interpretive material on the ATO website has been enhanced to assist in this improved understanding, particularly in areas such as allowances, leave, and terminations.

The second half of the podcast previews the Build, Grow, Succeed Roadshow, taking place in five cities this October. The event delivers practical, non-software content for bookkeepers, including sessions on succession planning, compliance updates, and business growth strategies. Dale Dixon highlights MYOB’s support of the event, emphasising its educational focus. A live panel session, interactive learning, and CPD hours make the roadshow a valuable development opportunity, alongside networking with fellow professionals.

Key Takeaways

• OTE explanatory material now updated: better and clearer explanations and examples regarding ‘all things OTE’ now available on the ATO website.
• Bookkeepers must be well versed in OTE inclusions & exclusions in order to properly deal with the Pay Day Super regime.
• The Build, Grow, Succeed Roadshow runs across five cities in October, offering CPE and practical content tailored to bookkeepers.
• Sessions include succession planning, compliance updates, Scaling Sharp, and a live Q&A panel—with a focus on learning, not software demos.